Maharashtra Defence and Aerospace Venture Fund invests Rs.406-Cr in 22 MSMEs

Maharashtra Defence and Aerospace Venture Fund (MDAVF) has invested about INR 406 crore across 22 micro, small and medium enterprises (MSMEs).The fund, managed by IDBI Capital Markets & Securities, invests in startups domiciled in Maharashtra and across sectors such as aerospace advancements, marine technologies, and nuclear solutions.Additionally, the fund has committed INR 480 crore across 27 MSMEs that focus on missile systems, naval systems, and electronic warfare.