Private players in defence manufacturing sector

The Defence Industry sector, which was hitherto reserved for the public sector, was opened up to 100% for Indian private sector participation in May 2001. As on date, 333 Private companies have been issued a total of 539 Industrial Licenses. Out of these, 110 companies have reported commencement of production. Out of the total Capital Acquisition Budget for the year 2021-22, 64.09% has been earmarked for domestic capital procurement. Defence capital outlay has been increased by 18.75 % in the budget of 2021 – 22.