HAL draws roadmap to fly high

HAL draws roadmap to fly high

Submitted by Subeditor on Wed, 2015-12-23 17:15 Bengaluru: Hindustan Aeronautics Limited (HAL) has set its roadmap for next twenty-five years and aiming to become the second largest aircraft manufacturer in the world in its one century of establishment. HAL had planned to follow make in India policy before the announcement of the same by Prime Minister Narendra Modi and is heading to become completely indigenous in coming years by building aircraft machinery, design and operations.   Currently HAL produces about eight aircraft per year and planning to increase its capacity to 16 per year. Hence it is looking for a financial support by the central government. Already HAL has approached the government for a fund of Rs 1000 crore to boost its production and set additional manufacturing units which include 50 percent of fund by HAL, 25 percent from Indian Air Force and remaining share from Indian Navy. T Suvarna Raju, CMD, HAL briefing media during its 75th year anniversary said, “HAL has produced aircraft for second world war and now developing a 60-80 seater regional transport aircraft. Now HAL is given Navaratna status and has a vision to gain Maharatna status in coming years with brand India model and becoming second largest country in aircraft manufacturing across the world." During the financial year 2014-2015, HAL with its 20 production divisions and 10 R