DRDO chief says cutting edge projects avoided in India due to aversion to risk and intolerance of failure

The Hindu Bureau The Hindu Bureau | 09-22 00:20

Defence Research and Development Organisation (DRDO) Chairman Dr. Samir V Kamat said that there is an aversion to risk and intolerance of failure in India due to which people end up taking less challenging projects.

Dr. Kamat made the comment in Bengaluru on September 21 while delivering the Air Chief Marshal L.M. Katre Memorial Lecture 2024 on Defence R&D The Road Ahead. “If there is a failure, immediately you get a Comptroller and Auditor General (CAG) report saying that you have caused loss to the government. Questions are raised on who is accountable. That makes people take on less challenging projects.”

Need for change

Due to this, many projects keep getting extended instead of them being closed. “This has to change. You learn a lot more from your failures than from your success. If you have to fail, fail fast, so that you learn and move on,” he added.

Dr. Kamat said that this attitude is slowly changing as Defence Minister Rajnath Singh recently gave leeway for high-risk projects.

“The Defence Minister has given us this leeway where if you say at the beginning of the project that this is a high-risk project, we will make an attempt, but if it doesn’t happen, we will close the project. This leeway has been given and we hope it will bring a transformation in the ability to develop critical cutting edge technology in the country,” said Dr Kamat, who is also secretary, Department of Defence (R&D).

He also said that India should improve its R&D spending with more investment from the private sector.

“If you look at our R&D spend, India is spending only 0.65 % of our GDP on R&D. Whereas USA spends 2.83 %, China spends 2.14 %, Russia spends 0.98 %, France spends 2.19% and South Korea spends 4.8% of their GDP on R&D. The government is aware of this and there is a clear thinking that in the next four to five years we should move to at least 1% of our GDP on R&D. Hopefully, by 2035, we should rise to 2%,” he said.

AMCA project

On the indigenous fifth generation Advanced Medium Combat Aircraft (AMCA), the DRDO chief said the first prototype will roll out by 2028, and production is expected to begin by 2034.

The AMCA project got sanction from the Cabinet Committee on Security in March.

Published - September 21, 2024 05:22 pm IST

Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.


ALSO READ

Ola Electric responds to ARAI notice, says prices of S1 X 2 kWh scooter unchanged

Ola Electric provided an invoice dated October 6, showing a INR 5,000 discount given to customers, a...

Hyundai Motor IPO’s off to a slow start

Around 35% of the total shares in the offering are reserved for retail investors, while QIBs and NII...

Under fire, Ola Electric taps EY India to get back on track

Close to a dozen executives from EY came on-board at Ola Electric a few weeks ago on deputation for ...

Tata Motors secures 5-star BNCAP safety ratings for Nexon, Curvv, and EV models in latest crash tests

Tata Curvv.EV BNCAP testTata Motors did it again! Tata Motors has once again secured 5 star rating i...

India needs to step up manufacturing to meet Viksit Bharat goal: Volvo Grp India MD

Volvo Group India Managing Director and President, Kamal Bali. The manufacturing sector is a weak li...

Dollar pullback to help Indian rupee, weak risk appetite to weigh

Investors are now nearly certain that the U.S. Federal Reserve will deliver a 25-basis-point rate cu...