 "R&D, Research and development")
Research and development (R&D) spending by the country’s 16 defence public sector undertakings (DPSUs) over the next five years is slated to increase with a projected expenditure of ₹32,766 crore, exceeding ₹30,952 crore invested in the past 10 years.
This comes amid a 15.4 per cent rise in the DPSUs’ combined turnover to ₹1.08 trillion, a 19.5 per cent increase in cumulative profit after tax to ₹20,021 crore, and a 51 per cent jump in exports in FY25 over FY24, according to the Ministry of Defence (MoD).
Following Defence Minister Rajnath Singh’s call for greater investment and manpower
