PSU NEWS
NDefence PSUs say its a slow hard road for startups
Banglore . Defence public sector units have started to increasingly look at startups for small, low-cost Indian innovations to reduce imports. But they cannot guarantee them quick orders or big bucks in their highly quality-conscious niche.
This was the candid picture presented on Friday to newbie entrepreneurs by three Bengaluru- based defence biggies: Bharat Electronics Ltd, Hindustan Aeronautics Ltd and BEML Ltd.
The road to success is slow and hard, Ajit Kalghatgi, BEL's Director R&D, said at a seminar on the role of startups in defence.
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