
Mr. Jaikaran Chandock, Director of Balu Forge Industries Ltd, lauded the Union Budget 2025 for its robust measures aimed at enhancing self-reliance in defence manufacturing. He emphasized that the government’s decision to earmark a significant portion of the defence modernization outlay for procurement through domestic sources and private industries is a step in the right direction.
“This move will not only bolster capacity and capability in the defence sector but also pave the way for a stronger private sector’s participation in the country’s defence ecosystem,” Chandock stated. The focus on domestic procurement is expected to strengthen India’s defence infrastructure and reduce dependence on foreign suppliers, aligning with the broader vision of Aatmanirbhar Bharat.
Chandock also highlighted the budget’s focus on AI and deep tech innovation, noting that these technologies will play a critical role in the defence and precision engineering domains. “The emphasis on new-age tech interventions will help develop a future-ready talent pipeline, ultimately enhancing defence manufacturing capabilities,” he added.
From a broader perspective, Chandock praised the budget’s strategic approach towards achieving the ₹50,000 crore defence export target by 2029. He expressed confidence that the holistic policy framework and technology-driven initiatives outlined in the budget will position India as a key player in the global defence manufacturing landscape.