business ๐ DRDO's missile tech transfer boosts local defense
Defence Minister Rajnath Singh has approved the Technology Transfer (ToT) of all conventional missile systems from DRDO to Indian defense manufacturers. This move is set to enable domestic companies to start production of these DRDO-developed missile systems. The initiative aims to strengthen the defense industrial base and enhance domestic manufacturing capabilities significantly. Furthermore, it will open supply chain opportunities for private companies and MSMEs within the defense ecosystem. This strategic step is expected to reduce import dependence and boost indigenous defense production. ๐ฎ๐ณ