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The DRDO chairman said the first set of BrahMos missile systems is expected to reach the Philippines by the end of March. The venture, valued at USD 375 million, marks DRDO's largest-ever defence contract with a foreign nation.
Centre intends to develop defence manufacturing ecosystem having conducive conditions including supply chain for giving push to production and testing & certification to create economies of scale and facilitate development of internationally competitive enterprises in the country
Describing the rise as a remarkable achievement, Defence Minister Rajnath Singh said that “ our defence exports will continue to grow exponentially, under the inspiring leadership of PM Modi.”
NEW DELHI: In a move to boost domestic defence manufacturing, the government on Wednesday approved the export of indigenously-developed surface-to-air Akash missile system and set up a panel to ensure faster approvals for acquisition proposals by various countries. The Akash missile systems have over 96% indigenous components and the weapon can hit targets at a range of 25km. Defence minister Rajnath Singh said the export version of Akash missiles would be different from the system currently deployed with Indian armed forces. The decision to export the missile systems was taken at a Cabinet...