<h1>Navy Chief Highlights Importance of Semiconductor Policy for Defence Manufacturing; Urges Private Sector Leadership in Innovation</h1> India's semiconductor policy is crucial for enhancing defence manufacturing, according to the Navy chief. Speaking at an event, he emphasized the need for private sector leadership to achieve self-reliance in defence. The Ministry of Defence has allocated Rs 450 crore for the Innovation for Defence Excellence (iDEX) scheme, supporting startups and SMEs. The modernization budget includes Rs 1 lakh crore, with 25% reserved for private defence industry. The semiconductor policy is expected to benefit both civilian and defence sectors. The Navy is shifting towards collaboration with industry leaders to meet future technology needs.