• PSU award winner: Captain Jagmohan, Chairman and Managing Director of Mazagon Dock Shipbuilders, was awarded the Business Leader of the Year PSU for driving operational excellence and strong financial performance.
• Defense manufacturing capabilities: Mazagon Dock Shipbuilders, tracing its origins back to 1774, builds advanced warships and submarines to support and strengthen India's maritime capabilities.
• Defense export transition: Policy reforms and opening of the defense sector have transformed India from the largest net importer of defense equipment into a substantial exporter.
• Public sector enablement: Government support has eliminated prior inhibitions around funding and policy constraints, accelerating performance and attracting investment in strategic areas such as defense and space.