Invest more in R&D for India to keep pace with evolving world: Rajnath Singh to domestic defence firms
Rajnath Singh on Tuesday called upon domestic defence companies to invest more in research and development for India to keep pace with the evolving world. Addressing the North-Tech Symposium, jointly organised by the army's Northern Command, the Society of Indian Defence Manufacturers (SIDM) and IIT-Jammu, Singh described the country's defence manufacturing sector as «imaginative, innovative, dynamic and progressive».
«Though research and development (R&D) is a risky venture as it requires out-of-the-box thinking and sometimes does not give desired results, it still remains one of the basic elements for the development of any country,» he said.
Hence, capital investment in R&D becomes a necessity, the minister added.
The defence minister said India is passing through a transitional phase. «There is nothing wrong in acquiring a technology through imitation or transfer, but we cannot become a developed nation on these grounds alone.
