. Military Space News .

India to boost domestic arms production
by Staff Writers
New Delhi (UPI) Apr 26, 2012

Some 50-60 Indian companies participated in manufacturing components for the Agni-V missile, The Hindu Business Line reported Wednesday.

India's wants to stimulate the country's domestic armaments industry.

Aside from issues of national pride, India imports about 70 percent of its defense requirements, which is a serious fiscal drain on the country's finances.

Highlighting the issue was the test launch April 19 of India's indigenous Agni-V intercontinental ballistic missile from Wheeler Island.

During the 20-minute test flight, a Defense Research and Development Organization spokesman said Indian naval vessels tracked the missile and "the accuracy of the missile was exactly as expected."

"Any launch is tense, even after testing a hundred missiles; and this was the first launch of the Agni-5," DRDO head V K Saraswat said.

"Over the last three-four days, the team had gone through the complete launch process with each activity and system being put through our scanners: the propulsion system, navigation system, everything. By (Tuesday), I was completely confident of a successful launch."

Some 50-60 Indian companies participated in manufacturing components for the Agni-V missile, The Hindu Business Line reported Wednesday.

DRDO receives a budget of roughly 5.6 percent of India's total defense budget for its research and development programs, which last month was increased by more than 17 percent to more than $42 billion.

While missiles such as Agni-V won't be mass-produced, DRDO is interested in increasing the country's technological capabilities and fabrication infrastructure to support such advanced projects.

Accordingly, India's Defense Ministry has been initiating several policy measures not only to stimulate the country's indigenous armaments industry but to attract to foreign companies to participate in armaments joint venture production.

In the interim, India is continuing to buy foreign armaments, preparing to conclude a $20 billion contract for 126 French-made Rafale medium multi-role combat aircraft along with a $600 million deal for 75 Swiss made Pilatus PC-7 Turbo Trainer low-wing tandem-seat training aircraft for the Indian air force.

DRDO, is proposing that Indian companies such as those involved in the Agni-V production, including BEL, BEML, L&T, Tatas, SEC, Mahindras, Premier Explosives, Walchandnagar RAP, Apollo Computing, Accord systems and Software, VEM Technology, Analogics boost their production along with seeking potential foreign partners for joint ventures and technology transfer.

The Associated Chambers of Commerce and Industry of India strongly supports the DRDO initiative. Assocham said to advance Indian armaments production the government should presently allow 100 percent foreign direct investment in the country's defense sector so that the country can become self-reliant in production and encourage technology transfers as soon as possible.

"We must recognize that defense production is a capital and technology intensive-sector. To develop a strong industrial base in the country, we need foreign capital and technology," Assocham said.

Related Links
The Military Industrial Complex at SpaceWar.com
Learn about the Superpowers of the 21st Century at SpaceWar.com

Get Our Free Newsletters Via Email
Buy Advertising Editorial Enquiries


. Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Dassault reports 47% jump in Q1 sales
Paris (AFP) April 26, 2012
The French group Dassault Aviation reported Thursday a 47 percent jump in 2012 first quarter sales to 950 million euros ($1.25 billion) owing to strong results from its business aviation division. Falcon jet sales were up by 66 percent at 644 million euros, the company said in a statement. It delivered 15 new business jets during the first quarter, compared with nine during the same peri ... read more

Russia's new air defense systems: Pantsir to shield S-400

An ABM "Umbrella" with tripple lining

Congress mulls $680M for Israeli Iron Dome

Raytheon Awarded $106 Million for Aegis Radar Work

N. Korea 'missiles' at parade were mock-ups: experts

US Navy Fires Raytheon Griffin Missile From RAM Launcher

S. Korea deploys longer-range missiles against North

US seeks 'restraint' amid India missile plan

Northrop Grumman to Upgrade Fire Scout Unmanned Helicopter for US Navy

Pakistan reiterates drone opposition as US envoy visits

US Army Places $20.4 Million Order for AeroVironment RQ-20A Puma AE Small Unmanned Aircraft Systems

Russia to Test Fly First Combat Drone in 2014

Fourth Boeing-built WGS Satellite Accepted by USAF

Raytheon to Continue Supporting Coalition Forces' Information-Sharing Computer Network

Northrop Grumman Wins Contract for USAF Command and Control Modernization Program

TacSat-4 Enables Polar Region SatCom Experiment

Kratos Receives $1.3 Million Production Award for Electronics Supporting the US Navy P-8A Aircraft Program

Initial testing for Wisconsin county's new land mobile radio system completed ahead of schedule

Boeing Delivers P-8A Training Devices to Naval Air Station Jacksonville

Lockheed Martin Receives $79 Million Contract For Development Of New GMLRS Variant

Brazil to get tech transfer if it buys US jets: Panetta

US looks to ease Brazil doubts over tech transfers

India to boost domestic arms production

'Deep Throat' in Indian arms scandal breaks cover

US confident of France's commitment to NATO

Vietnam hosts US, China navies

Son of disgraced Chinese leader Bo breaks silence

Fallen Chinese leader spied on others: report

First Atomic-Scale Real-Time Movies of Platinum Nanocrystal Growth in Liquids

Nanodot-based memory sets new world speed record

Nanocrystal-coated fibers might reduce wasted energy

High-res atomic imaging of specimens in liquid by TEM using graphene liquid cell

Memory Foam Mattress Review

Newsletters :: SpaceDaily Express :: SpaceWar Express :: TerraDaily Express :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News


The content herein, unless otherwise known to be public domain, are Copyright 1995-2012 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement