Inviting private players to grab the opportunity by entering the defence equipment manufacturing, Mishra said the Defence Research and Development Organization (DRDO) is ready to share its technology with the manufacturers. "In the next 10 years, there is a requirement of around USD 150 billion of military equipment. According to him, USD 150 billion would be spent on manufacturing or upgrading aircraft, tanks, guns and various other equipment. Expressing concern over the overall manufacturing scenario in the country, he invited private players to consider taking up production of defence equipment. Private players can take that technology from us and develop it for the market.

Source: dna September 01, 2017 16:41 UTC