The Defence Research and Development Organisation (DRDO) at the same time said it was not only ready to compete with foreign companies but also to export its products in the wake of the FDI reforms unveiled in the defence sector.
The government had on Monday announced opening up the defence sector by allowing foreign companies to own up to 100 per cent equity.
When asked at a news conference about the repeated delays in execution of various projects by the DRDO, the agency's Director General S Christopher said when those programmes and projects were taken up they never realised the complexity.
The second issue, he noted, was during the gestation period the requirement of the defence forces increases sometimes and therefore the product development takes more time.
"A new product takes lot of time even in other countries. When you take submarines it has taken not less than three decades. Air-borne airwarning system has taken not less than 15 years even in the US. So when compared to that we are also in a similar kind of situation," he said.
The DRDO, functioning under the Ministry of Defence, undertakes design and development of products and technologies to suit the requirement of the three wings of the Indian armed forces.
"Someday there may be a possibility that a big company with a 100 per cent FDI may come with their technology and may be a competition to us. And we are raring to go for competition," he said.
On the government's thrust on 'Make in India', Christopher said it was a bonanza as far as DRDO was concerned.
"In case if I am not up to your level, there are several other countries which are poorer and they are willing to have the product we have," the DRDO chief said, adding they can export products which have suffered because of environmental conditions.
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