The government had on Monday announced opening up the defence sector by allowing foreign companies to own up to 100 per cent equity.
"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 rearing to go for competition," Director General, DRDO, S Christopher told reporters here.
On the government's thrust on 'Make in India', the Christopher said it was a bonanza as far as DRDO was concerned.
"DRDO technology is made in India. It is a huge boost," he said, adding they have even asked the government several times for exporting DRDO products.
When asked about the repeated delays in execution of
various projects by the DRDO, he 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.
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