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Sounds like the reasonable thing to do and therefore will not happen anytime soon. Common sense and IA/MOD are polar opposites.

Most likely because MOD and/or IA didn't ask them to build one. If DRDO says it can develop a competetive MANPAD in 5 years which will cost a fraction of the imported ones you will see a flurry of articles claiming how the government is not serious about defence or IA generals screaming like...

Utter moronic of IA to buy $5.8 billion worth of MANPADs when plenty of weapon systems take preccedance over it. Plus, DRDO should be able to come up with a desi alternative given time and money.