Moneycontrol PRO
HomeNewsPoliticsIndia now developing own defence production technologies, says Ex-defence secretary

India now developing own defence production technologies, says Ex-defence secretary

He said earlier domestic companies mostly relied on licensed technology transfer from foreign OEMs (Original Equipment Manufacturer) for producing certain goods.

September 05, 2023 / 18:45 IST
India now developing own defence production technologies, says Ex-defence secretary

Former defence secretary Ajay Kumar on September 5 said India is now developing its own defence production technologies independent of foreign OEMs.

He said earlier domestic companies mostly relied on licensed technology transfer from foreign OEMs (Original Equipment Manufacturer) for producing certain goods.

"Foreign OEMs put a lot of restrictions on the production process, limiting the units manufactured and sold," he said.

Maintaining that the best technology never came to India, Kumar said at most the second-best could be obtained at a higher cost.

"However, we are now developing our own defence production technologies which can be altered and modified at our will," he said, while speaking at a session on 'Defence Innovation Ecosystem and Opportunities' organised by Bharat Chamber of Commerce here.

Kumar said the world is transforming from a kinetic, contact-based warfare to a non-kinetic, non-contact-based warfare.

The former defence secretary said emerging technologies need to be aptly implemented for finding potent business solutions at a minimal cost and in a time-bound manner.

He said companies having large civilian product portfolio can venture into defence production domain with ease since the defence sector's requirements are multifaceted. PTI AMR MNB

 

PTI
first published: Sep 5, 2023 06:45 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347