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There is a Rs 1,00,000 crore business opportunity awaiting the Indian industry in the next few years in the Defence sector.
The investment of around Rs 4,000 crore for the Indian missile development programme itself has led to Rs 40,000 crore business for the industry, says Mr Avinash Chander, Chief Controller (missiles and strategic systems), Defence Research and Development Organisation.
Responding to felicitations to the Agni V leadership by the FICCI, Mr Chander said the Indian industry deserves a major share of the success of the long range ballistic missile. At least 80 per cent of the missile components are supplied by the domestic industry, he said.
The domestic industry has emerged a partner and friend in the development programme. On several occasions, they have helped in a crisis. When we launched the Agni programme in 1983, the industry was in a nascent stage, as Agni moved ahead, so has the industry, the chief architect of the Agni V project said.
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