The country would require various military equipment worth USD 150 billion in the next 10 years, said Dr Sudhir Mishra, Director General of BrahMos missile system division of the DRDO, during an interactive session on defence manufacturing organised by the Gujrat chapter of CII in Ahmedabad.
Mishra further said, “The Defence Research and Development Organisation (DRDO) is ready to share its technology with the manufactures.”
He further added that the DRDO is ready to share technology as it alone cannot do it.
“Private players can take the technology from us and develop it for the market,” he added while addressing budding entrepreneurs during the session.
He added that in the next 10 years, there is a requirement of around USD 150 billion of military equipment.
“This is a realistic and quite a moderate figure. This is a big opportunity for the entrepreneurs," said Mishra.
He added that India would be spending USD 150 billion would be spent on manufacturing or upgrading tanks, guns, aircrafts and other military equipments.
“We also are procuring around 500 more t-90 battle in a short time,” he added.
Mishra during the interaction further added that contribution of manufacturing sector in India’s GDP is 18 percent for the last seven years, while the contribution of service sector is 65 percent.
Mishra said, “At present we own six to seven percent of the global software market. But now, we cannot grow beyond this, as we mostly carry out outsourcing and low-end software jobs. This is the reason the new government at the Centre came up with ‘Make in India’.”