Foreign joint ventures, on the other hand, have compelled DRDO to put out more realistic predictions on time and cost. The BrahMos missile project, which began development in 1998 as a corporate joint venture with Russia and resulted in a world-class cruise missile that other countries now want to buy, was completed in just six years at a cost of Rs 667 crore - no time and cost overruns.

Similarly, the new generation Barak-II surface to air missile for the Navy, being developed by DRDO in a JV with Israel, is officially to cost Rs 2, 606.02 crore and be ready by May 2011, a far more realistic predictive frame than any other missile project under the indigenous IGMDP.

The defence sector does not have a policy for foreign direct investment, but DRDO open to joint ventures with foreign partners. No wonder then, that on June 7, the Parliamentary Standing Committee on Defence said, “BrahMos model should be followed in other projects also. Private sector should be given more opportunities in defence production and user participation should be encouraged from R&D stage.”

-(Tomorrow: A prescription for DRDO reforms)