While defence public sector units have been making efforts to increase their marketing footprint, they will have to succeed in a highly competitive export market.
The complexity and interconnection of global supply chains has heightened the realisation of the need for supply chain resilience and self-reliance in production.
In the Union Budget 2023–24, the estimated allocations for the Ministry of Defence (MoD) are Rs 5,93,537.64 crores, an increase of 13 per cent over BE 2022–23 (Rs 5,25,166.15 crores).
Defence Public Sector Units and Exports
While defence public sector units have been making efforts to increase their marketing footprint, they will have to succeed in a highly competitive export market.