New Delhi, Oct. 16 -- The Ministry of Defence has approved procurement worth over Rs 2,400 crore from startups and micro, small and medium enterprises (MSMEs), along with projects exceeding Rs 1,500 crore for developing new technologies, Defence Minister Rajnath Singh said on Thursday.

Speaking at an event, Singh noted that the government had shifted its focus from meeting immediate defence requirements to building a self-reliant and future-ready defence ecosystem through reforms, domestic procurement and greater private-sector participation.

Domestic Industry Gets 75% Of Modernisation Budget

Singh highlighted that 75 per cent of the defence modernisation budget had been earmarked for procurement from Indian industries under the Defenc...