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Defence ministry nearly doubles its purchases worth crores

Defence ministry nearly doubles its purchases worth crores from MSMEs in FY23; check details

The Defence Ministry of India has taken an important step towards supporting Micro, Small and Medium Enterprises (MSMEs) in the country by nearly doubling its purchases from them in the Financial Year (FY) 2023. This move is expected to give a much-needed boost to the MSME sector, which has been struggling due to the pandemic and other economic challenges. In this article, we will explore the details of this significant development and its potential impact on the MSMEs and the Indian economy as a whole.
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