On March 9, 2020, Hindustan Aeronautics Limited (HAL),an Indian state-owned aerospace and defence company, is exploring possibilities to build a logistics base in 4 countries (Malaysia, Vietnam, Indonesia and Sri Lanka) as part of its efforts to entice those nations to buy Tejas and light helicopters manufactured in India.
Key Points:
i.HAL is considering building a logistics base in 4 countries as they use many military aircraft and helicopters of Russian origin, which have “very poor” service capacity.
ii.It is noteworthy that the Indian Air Force (IAF) has already placed an order to make 40 Tejas, which has a high lifespan of 30 years& is developed by Aeronautical Development Agency & HAL.It is going to make an agreement soon in this regard. Under this, HAL has got orders to build 83 more aircraft for Rs 38,000 crore very soon.
iii.Prime Minister Narendra Modi in February 2020 set an ambitious target of $5 billion for defense exports over the next five years and asked all military manufacturers to work hard to achieve this goal.
iv.In line with the Indian government’s priorities, HAL is now focusing on promoting exports and identified South East Asia, West Asia and North Africa to sell key platforms such as Tejas, Rudra Helicopters and advanced light helicopter Dhruv.
About Hindustan Aeronautics Ltd (HAL):
Headquarters– Bengaluru, Karnataka
Chairman & Managing Director– R Madhavan
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