Defence PSU Hindustan Aeronautics is trying to make the most of the Modi govt's 'Make in India' strategy...
Defence PSU Hindustan Aeronautics is trying to make the most of the Modi govt’s ‘Make in India’ strategy to expand its domestic supplier base and reduce import content. The PSU recently held a two-day meeting with SMEs operating in the defence sector to look at ways for attracting investment in R&D, setting up manufacturing facilities for auxiliary parts and building Brand India via public-private partnership. Its goal is not just to reduce dependence on imports but also to use economies of scale to gain export competitiveness. HAL chairman RK Tyagi has obviously set his sights high.
Throwing a lifeline
Petroleum minister Dharmendra Pradhan has emerged as the proverbial light at the end of the tunnel for closed units of FCI and HFCL at Gorakhpur and Barauni, respectively, where these PSUs had lost all hopes of a revival. Pradhan has promised gas supply to restart the defunct plants. Efforts have been made in the past too to revive the units but in vain. Let’s hope Pradhan succeeds in his endeavour.