Operation Sindoor proved indigenous innovation is India’s strongest shield, Federation of Indian Chambers of Commerce & Industry (FICCI) National Defence and Homeland Security Committee Co-Chair Ashok Atluri said on Friday.
“Homegrown drones, equipped with inbuilt detectors, jammers and radars, successfully neutralised Chinese drone threats without a single imported component,” Mr. Atluri said, addressing MSME Xcelerate 2025, organised by the FICCI.
He said that research and development is not a luxury but a necessity for companies, especially Micro, Small and Medium Enterprises (MSME). “While day-to-day operations may feel all-consuming, ignoring R&D risks irrelevance. Identifying the right area and committing focus can lead to transformative breakthroughs. India must innovate for the world, not just for local markets… funding is no longer a barrier,” he said.
FICCI in a release said that the event with ‘Innovation, Technology, Sustainability’ as its theme sought to empower MSMEs by connecting them with emerging technologies, sustainable practices, and smart financial strategies.
National Small Industries Corporation (NSIC) Zonal Head and General Manager V. Suresh Babu said NSIC is a key enabler for MSMEs across India, helping them market their products to government departments and public sector units. As an NSIC-registered member, MSMEs enjoy several benefits, including exemption from tender fees and security deposits, making it easier to participate in government tenders.
Chairman of FICCI Telangana Defence and Aerospace Committee P. Radhakishore said that while the government of India has taken commendable steps to support MSMEs through regulatory reforms, compliance ease, and sustainability-focused schemes, support at the State level remains limited despite MSMEs being vital contributors to GDP and employment. FICCI Telangana State Council Chairman V.V. Rama Raju and Executive Committee member Deepti Gaddam spoke.
Published – June 14, 2025 06:47 pm IST
