India Opens Missile Production To Private Firms As Arms Exports Hit ₹38,424 Crore
Defence Minister Rajnath Singh announced transfer of state-developed missile technology to industry, and said India will act against terrorism while seeking no country's territory File Photo Via: @rajnathsingh on X India will transfer missile technologies developed by its state defence research agency to private companies, allowing them to manufacture conventional missile systems for the first time, the defence minister said on Sunday. The Defence Minister told a defence conclave in New Delhi that qualifying Indian firms would be able to produce the systems, a change he said would improve the armed forces' preparedness and speed up deliveries. The Defence Research and Development Organisation, which has until now both designed and overseen the production of such systems through state-owned firms, would increasingly concentrate on research while industry took on a larger share of manufacturing. The announcement came alongside figures showing a sharp rise in India's arms...