India’s Astra Mk2 Missile Production May Open To Private Firms | Defence Policy Shift Explained

India could be preparing for a major shift in its defence manufacturing policy by opening DRDO-developed Astra Mk-II missile production to private companies. Shivani Sharma of India Today Group, reports that the move aims to boost indigenous manufacturing, speed up procurement and meet rising domestic and export demand. Sharing his market outlook, Pankaj Pandey, Head of Research, ICICI Direct, says the defence sector offers a multi-year growth opportunity for both PSUs and private players despite premium valuations. Watch the full discussion to understand how this policy shift could reshape India's defence manufacturing ecosystem and investment landscape.