Defence Research and Development Organisation (DRDO) chief Avinash Chander said that the country needs a "policy mechanism" for exporting weapon systems and the defence research agency has suggested a "single window clearance" for sale of arms to friendly foreign countries in a time-bound manner.
"We have a list of equipment that includes the Light Combat Aircraft 'Tejas', 'Akash' air defence system, 'Prahar' class of missiles and 'BrahMos' supersonic cruise missiles along with a number of systems that can be exported," he told PTI.
"We are discussing the methodology for developing the export potential as well as a policy mechanism for export of weapon systems," Chander said.
The DRDO chief was asked about a recent comment by the Prime Minister that India should produce arms for itself and also supply them to other nations.
Tejas is a lightweight, multi-role, single-engine tactical fighter aircraft.
Akash, a surface-to-air missile, has a range of 25 kms.
Prahar is a 150 km-range tactical missile system while BrahMos is a supersonic cruise missile with a strike range of 290 kms.
Asked about the cost-benefit for countries procuring arms from India, Chander said, "Many times Indian weapons are a lot cheaper.
"There are various other systems, like if you take strategic missiles, the long-range missiles that China sells to Saudi Arabia and the cost at which we produce, it would be one-third or one-fourth," he said.