Defence Secretary Rajesh Kumar Singh emphasized that India’s defence startups require government orders rather than venture capital funding to thrive, stating that timely orders and efficient procurement processes are essential for attracting private investments in defence manufacturing. Speaking at ANI’s National Security Summit, he acknowledged the potential role of a sovereign venture capital fund but deemed it unnecessary, citing a robust existing venture capital ecosystem. Singh reiterated the government’s commitment to achieving Rs 3 lakh crore in defence manufacturing and Rs 50,000 crore in exports, stressing that effective budget utilization and domestic contracts are critical for supporting the defence sector’s growth and innovation. This perspective reflects a strategic shift towards fostering self-reliance in India’s defence industry.