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Five billion dollars saved due to Akash missile

March 07, 2018

 

With the Prime Minister’s vision of “Make in India,” the Indian military has saved nearly $5 billion dollars due to the indigenous Akash Surface to Air Missile.

Due to the induction of the homegrown Akash SAM in the Indian Army and Indian Air Force, which has been developed by the State-Owned Defense Research and Organisation (DRDO), India has saved it’s foreign reserve of nearly $5 billion.

“As a result of successful development, the production and induction of the Akash missile system, at Rs. 345 bln ($5.3 bln), may be saved by existing production orders and many orders are in pipeline from the army and IAF,” said Nirmala Sitharaman, India’s Minister of Defense.

The Akash is a mid-range surface-to-air missile (SAM) system which is capable of shooting down targets like missiles, aircraft, helicopters and drones.