You are here: Home » PTI Stories » National » News
Business Standard

DRDO outlines Rs 18,000 cr investment plans

Press Trust of India  |  Chennai 

The DRDO has earmarked Rs 18,000 crore as investment plans for the current fiscal, which includes developing the next generation lighter missile, a top said today.

The country's institute has allocated about 25-30 per cent for developing new projects during the current financial year, and S Christopher said.

Christopher, who is also Secretary, Research and Development, DRDO, was outlining some of the major initiatives to be taken up during the this fiscal at the ongoing DefExpo.

The defence exhibition was formally inaugurated yesterday by at Thiruvidanthai, about 40kms from here.

"As far as funding is concerned, for this year it is about Rs 18,000 crore. Nearly 25-30 per cent will be going in for newer projects," he said.

Aerospace, CEO and Managing Director, said, "We have a proposal to develop next generation missiles which will be termed as NG missile."

"This missile would be lighter than existing and will have almost similar kind of ranges and would be able to launched from various platforms," he said.

As the missiles would be lighter, was also also planning to have more launches from submarines, ships and aircraft, the said.

DRDO, Director General, Electronics and Communication Systems, J Manjula said DRDO was working on long range radars that can cover over 1,000 kilometres.

"We are also working on developing self-protection suites for fighter aircrafts and also working on for submarines," she said.

DRDO to Raksha Mantri, G Satheesh Reddy, said they were working on "anti-tank missiles" which can be launched both from helicopter and the ground.

"Some of the projects that we have in the pipeline is developing long range version of surface-to-air missile (SAM)," he added.

The DRDO said the organisation was also planning to take up "high endurance autonomous under water vehicle" for and also developing "autonomous surface ship".

DRDO, (SAM), Chitra Rajgopal said they were working on developing safe-storage solution for ammunition.

"We are also looking at which are not so expensive by using various innovative features. In addition, we are also looking at eco-friendly disposal of obsolete ammunition," she said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, April 13 2018. 17:55 IST
RECOMMENDED FOR YOU