New Delhi: Defence capital acquisitions have increased from Rs 74,000 crore in FY21-22 to Rs. 1.2 lakh crore in FY24-25, Defence Minister Rajnath Singh said on Tuesday, adding that the time is ripe to have the first defence unicorn (a startup with a valuation of $1 billion and above) of the country soon.

Speaking at the ‘Raksha Navachar Samvaad: Interaction with iDEX Startups’ event here, Rajnath Singh highlighted that under the government’s Public Procurement Policy, at least 25 per cent of annual procurement is reserved for Micro and Small Enterprises (MSEs), and over 350 items have been earmarked exclusively for them.

“India’s self-reliance in defence has moved from being a slogan to becoming a movement. From policy to practice and from innovation to impact, this transformation has be

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