Indian Defence Research and Development Organisation (DRDO) is all set to invest Rs 400 crore into IIT Bombay and IIT Madras to kick-start advanced defence-related aerospace research and development. Products and technology now under development include aircraft that can morph into a missile, gas turbine engines used to run aircraft and missile propulsion, hypersonics that enable flights to go at several times the speed of sound, and rockets for long-range missiles. Currently the MoU is waiting for the approval from the Ministry of Defence.
