Startups Have it Easy for Defence Deals Up to ₹ 150 cr
The Rajnath Singh-led defence ministry has stipulated that for these relatively small contracts, startups will be encouraged if they can prove technical expertise. It has also made a clear distinction between startups and new entrants in the field, ruling that mid to largesized groups venturing into defence manufacturing will still need to meet financial criteria that includes credit ratings, revenue and net worth.