What are the implications of tying up with a foreign firm to develop a sixth-generation aero-engine according to the DRDO chief
Sixth-generation aero-engine can be developed by tying up with foreign firm: DRDO chief
- Enhanced technological exchange and collaboration with foreign firms
- Access to advanced research and development capabilities
- Potential for accelerated progress in aero-engine technology
- Opportunity to leverage expertise and experience of the foreign partner
- Possibility of reducing development costs through cost sharing
- Potential for tapping into international markets and expanding business opportunities
- Risk of technology leakage or dependency on foreign partners
- Challenges in aligning goals, intellectual property rights, and decision-making processes
- Need for effective management of the collaboration to ensure mutual benefits
Answered
3 months ago