"Lot of developments have taken place and lot of initiatives have been taken. Lot more initiatives are going to come. Many of these things, missiles..., the government is looking for fast reaching self-sufficiency in these areas; in the country we are able to, we will not be importing," he said.
Reddy was speaking at the National Technology Day celebration organised jointly by the Andhra Pradesh Akademi of Sciences and Telangana Academy of Sciences here.
Under the Strategic Partnership model announced by the Centre two days ago, tie-ups can be formed between Indian and foreign firms for defence manufacturing within the country, he said.
Fighter jets, helicopters, armoured vehicles and submarines are the four areas under the model.
In another decision, the government has formed a committee to go into the strategic materials policy towards achieving self-sufficiency in the area, he said.
The panel has submitted its report to the government which is being looked into. The government is likely to come out with a policy in strategic materials, Reddy said.
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