Aerospace giants eye Indian market, manpower
Secretary, Defence (research and development), V K Saraswat, however, said at the seminar that despite aerospace technology development projects worth Rs 80,000 crore being underway in India, private participation in the sector had not grown to the levels expected by the DRDO. “Many industries have said that they are willing to make the investments, but for the last four to five years we have only heard talk. Ultimately, I still have to go to HAL for production. The smaller companies have not graduated from being mere component makers,’’ he said.
Saraswat added that the DRDO is ready to offer its latest UAV Rustom (set to fly this later month) for joint production through equitable participation of private industry.
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