On 01st February 2022, the Union Finanace Minister of India presented the Budget in Parliament. There are some very good initiative taken by the Government of India in this budget that will nurture domestic defence industries. In the past years, around 65-70 percent of total defence capital expenditure in weapon, equipment and platform was met through import. Now in this budget, 68 percent of total capital procurement budget has been earmarked to domestic defence industries. Potential of private industries in defence R&D and production was not tapped earlier. Private industries are now  encouraged to collaborate with DRDO and other organizations. For this purpose, 25 percent of defence R&D budget has been allocated to collaborate with private industry. A new "Independent Umbrella Body" is being created for private players in defence R&D and production to test their new technology and get certification. This was one the major barriers for private industries who wanted to develop new products in defence which is being removed. All these measures in this budget will definitely help in boosting development and manufacturing of defence products in India. This will take India towards self-sufficiency in meeting its defence requirements towards aquisition of weapon, equipment and platform.