DRDO to invest Rs 1,000 crore in three key projects
Defence research agency DRDO will be investing around Rs 1,000 crore on missile manufacturing augmentation and two other key programmes at its facility in Hyderabad over the next five years.india Updated: Nov 18, 2010 11:59 IST
Defence research agency DRDO will be investing around Rs 1,000 crore on missile manufacturing augmentation and two other key programmes at its facility in Hyderabad over the next five years.
Investment will be made in three sanctioned programmes of Defence Research and Development Organisation (DRDO), its Director General VK Saraswat said.
"Around Rs 600 to Rs 650 crore will be spent on missile manufacturing augmentation, Rs 300-Rs 350 crore will be spent on hypersonic wind tunnel programme for testing scramjet engine, which will be six times faster than sound velocity, and the remaining will be invested on radio frequency testing centre," he told reporters on Wednesday.
The missile augmentation programme had been taken up in collaboration with another defence establishment, Bharat Dynamics Ltd, he said.
To a question on the Regional Transport Aircraft (RTA-70) programme -- the country's first-ever effort to develop a 70-110 seat aircraft for the civil aviation market, he said the project report will be completed by 2011.
"This will a public-private-partnership and international aviation giants like Bombardier and GE Aviation have also evinced interest in the project."
The RTA-70 is aimed at building planes for carrying passengers on short-haul flights.