Why In News?
Defence Minister Rajnath Singh has approved the transfer of DRDO-developed technologies for all conventional missile systems to Indian defence companies for domestic production.
Key Highlights
- Technology: DRDO-developed technologies for conventional missile systems.
- Production: Indian defence companies will be able to manufacture these systems within the country.
- Objective: Promote Atmanirbhar Bharat in defence manufacturing and reduce import dependence.
- The transfer will be subject to applicable qualifications, certifications and regulatory requirements.
- The initiative is expected to increase domestic value addition in missile production.
- It will provide greater opportunities for MSMEs and other technology partners to participate in missile manufacturing and related supply chains.
- DRDO will continue to support Indian industry in the transfer and absorption of advanced defence technologies.