Big Boost For India's Defence Sector: Govt Opens Strategic Missile Manufacturing To Private Companies
10 Articles
10 Articles
Big Boost For India's Defence Sector: Govt Opens Strategic Missile Manufacturing To Private Companies
In a major development in India's Defence sector, the Central Government has decided to open the country's strategic missile production sector to private companies. This is for the first time that India has taken such a step. Till now the missile
Centre to allow private firms to manufacture missiles; Astra Mark 2 likely first
The Defence Ministry is expected to invite bids from private firms to manufacture the DRDO-developed Astra Mark 2 missile, while Indonesia has shown interest in acquiring the weapon, according to a Hindustan Times report.
The Modi government at the center is going to make key changes in India's defense product policy! The center has prepared the ground for handing over the manufacturing of missiles to private companies. News reports have emerged in the national media that there is a possibility of inviting bids from private companies for the manufacturing of the 'Astra Mark-2' missile developed by DRDO, and that Indonesia has shown interest in this.
Indian government to allow private sector to participate in missile production: The government, which has opened up the space sector to the private sector, is now increasingly opening up the defense sector as well. The government has decided to give the opportunity to private sector to produce missiles that were previously the responsibility of government institutions. Tenders may be called for the manufacture of Astra Mark-2, Pralay missiles.
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