New Delhi: There are 56 ongoing Mission Mode (MM) Projects with a cost of Rs 49,424.54 cr. and 218 ongoing Technology Demonstration (TD) mode projects with a cost of Rs 13,427.45 crore by the Defence Research & Development Organisation (DRDO).
The above projects are directed for 100% indigenous productions, however a few projects have collaboration with foreign countries during development phase.
This information was given by Minister of State for Defence Shripad Naik in a written reply to Tiruchi Siva in Rajya Sabha today. The total number of ongoing projects is 274, and the total expenditure is Rs 62,852 crore.
Last week, Naik revealed that Rs 1,812 crore FDI has been channeled into the Defence sector since 2014.
Defence Minister Rajnath Singh also said earlier in November that under the Defence Production Policy and Make in India initiative, the Ministry of Defence (MoD) has set a target of $26 billion for aerospace, Defence services and goods by 2025. He urged the Defence Research & Development Organisation (DRDO) to cooperate with the industry to achieve this target.
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