STARTUP LEGAL21 Sept 2026
India’s defence push draws former govt scientists, repeat founders into startups | Company Business News
India is inviting private companies into defence and space through schemes like iDEX (a defence innovation programme), ADITI and Make in India. It has also set aside 25% of the defence R&D budget for private firms. Former government scientists and second-time founders are now launching such startups, and 360 ONE Asset has raised a ₹1,500-crore fund for the sector. Check whether these schemes fit your business.
Key Statutory Highlights
- The government has earmarked 25% of the defence research and development budget for the private sector.
- 360 ONE Asset recently raised a ₹1,500-crore fund to back defence and aerospace businesses in India.
- Founders of Skyroot Aerospace and Sisir Radar had earlier worked at the Indian Space Research Organisation.
Actionable Advice for Taxpayers / Founders:If your business works in defence or space technology, read the iDEX and ADITI scheme details on official government portals and speak to a professional about whether your product or idea fits the eligibility before you apply.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
Share: