Don’t miss the latest developments in business and finance.

Decrease in import content of defence acquisitions: DRDO

Image
Press Trust of India New Delhi
Last Updated : Mar 22 2013 | 8:55 PM IST
The DRDO today said its sustained efforts have helped in reducing the content of imports in defence acquisitions from 70 per cent to 45 per cent.
"DRDO's sustained efforts, supported by various stakeholders have brought down the import content of defence acquisitions from 70 per cent to around 45 per cent," the premier defence research agency said in a press release.
The claim by the DRDO comes at a time when the Defence Ministry is working with a renewed vigour to increase indigenisation to avoid scams in military procurement from foreign sources.
The DRDO said during the conference of its directors tomorrow to be inaugurated by Defence Minister A K Antony, it will hold round-table discussions on the need to enhance the participation of private sector, with a view to accelerate indigenisation.
The conference will cover topics related to long term requirements of our armed forces and a technology development plan, meeting these requirements in the broader perspective of emerging technologies.
"The associated manufacturing technologies required to translate technological developments into quality products will also be the subject of discussion," the release said.
Round-table discussions would also be held to look at the future threat scenarios and the technologies required to meet the associated challenges, it said.

Also Read

First Published: Mar 22 2013 | 8:55 PM IST

Next Story