Adani Defence CEO: “Focus On Private Sector If Public Sector Order Book Is Full” | Read

India must focus on putting money into critical capabilities that form the core of defence systems, Adani Defence and Aerospace CEO Ashish Rajvanshi told NDTV in an exclusive interview on Monday. Appreciating Finance Minister Nirmala Sitharaman for announcing a “progressive union budget”, Mr Rajvanshi said the defence component in the union budget is “very good” for a business-as-usual environment. He welcomed the 75 per cent allocation to the domestic defence industry, and pointed out at least 90 per cent of this allocation will go to the public sector. “I'm not against it as it’s important that we continue to feed the public sector, HAL, BEL… But it's important that we start diverting some of the capital towards the private sector as well,” the Adani Defence and Aerospace CEO said.