Yup.
In RADAR and SONAR systems DRDO has been quite successful.
Another AESA RADAR that the IAF has inducted is the Arudhra.
It has the same detection range 300Km for 2m^2 sized target.
DRDO developed Arudhra AESA radar inducted in IAF
EDIT:
The source is
http://mod.gov.in/writereaddata/AR_2013/Eng/ch8.pdf
Refer page 106 under section
8.15 Electric Systems
The source for the AWACS radar (and you can't realy take specs of ground radars as the same base for specs of other radars) says 200Km for 2m², while the extended range is 300Km, which doesn't mean for the same target size. Also when you compare the 200Km, it's actually not that good, since the Erieye specs shows a similar range (around 180Km) for a cruise missile size target, which usually is rated arount 1m². Beriev, the manufacturer of the A50 AWACS plattform gives a detection range for cruise missiles with a 1m² target at 215Km on their website, that with their older own radar system, but with more capable radar arrays and more power.
One also have to differ here, since comparing AWACS is not that simple! We have to differ between:
1) the platform and it's capabilities, because the EMB 145 for IAF offers more speed, sercive ceilling, IFR capabilities (and there for more area can be covered in the same time, better radar detection range, increased range and endurance) compared to the Saab 2000 platform
2) the radar system, which includes the radar array and the software basically, where the Swedes seems to have an advantage (not that surprising since they are far more experienced than we are) and where our system seems to be more comparable to the earlier Erieye system, which was fittied on the Saab 340 that the Thai Air Force operates (radar range, FoV of the array)
3) additional sensors and systems (communication or self defence) and here the DRDO AWACS proves to be one of the most modern once, with a high ammount of additional capabilities to improve it's performance, be it with advanced passive sensors, a state of the art defence package, or the SATCOM system, that fully integrates it into IAFs future netcentric operations
So even if the DRDO AWACS radar systems might fall a bit short at the moment, the whole package is a highly advanced one, the problem is only, it doesn't matter how advanced 1 of them is, as long as you don't have the numbers to provide propper coverage of your borders in a 24/7 rotation. That's why even the highly advanced A50 Phalcons doesn't mean a thing, unless have enough to provide at least full coverage to a single borderline. That's where PAF did a better job, even if they might have more difficulties linking their AWACS and fighter fleets together, or even if they are capability wise not at the same level, they have enough numbers to provide reasonable coverage for the only 1 borderline they actually need to cover. That's also why IAF does not care too much about AWACS India today, but seems to want more DRDO and Phalcon AWACS at the moment, since providing at least a basic coverage of all eastern and western borders must have priority.