HAL’s joint ventures on death bed as defence orders dry up the past 5 years


In 2014-15, the very first year of the Modi government, Hindustan Aeronautics Limited (HAL) apparently sensed that its virtual monopoly in supplying aircraft and other services to India’s defence forces was on the verge of dilution.

In its annual report that year, HAL had noted, “It is anticipated that (with) the emphasis on indigenous production of defence equipment, the government would (sic) provide various incentives and opportunities for private industries to participate in a big way in Indian defence industry. This was observed through the decision that 56 Read More

 

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