Indian aerospace sector towards a take off stage
For long, the growth and expansion of Indian aerospace sector had remained severely handicapped by the virtual monopoly that the state owned Indian aeronautical major, Hindustan Aeronautical Limited (HAL), exercised over the aerospace sector of the country with the private sector entities playing a peripheral role in the entire exercise as small time suppliers of components and services.
The six decades long sluggishness and lost opportunities in this nationally important sector meant that India had to depend, to a large extent, on imports to meet most of its aerospace products requirements at an enormous cost to the public exchequer. HAL, which for many decades thrived on captive defence orders that too in an environment bereft of competition lost all the initiative and drive to turn India into a leading global aerospace powerhouse.
Moreover, its obsession with the licensed production resulted in a thorough erosion of its talent for design and original planning which hold the key to indigenous production. However, the opening
|For complete reading, kindly subscribe the print edition of Strategic Affairs magazine.|
Contact us: firstname.lastname@example.org, +91-11-41830315