The entry of private industry into the defence manufacturing space would drive collaborative growth and should not be viewed solely through the lens of competition, said Hindustan Aeronautics Limited (HAL) Chairman and Managing Director C B Ananthakrishnan on Thursday.
Speaking with DH on the sidelines of the Global Investors Meet, Ananthakrishnan rejected suggestions that the Tata-Airbus consortium’s new military transport aircraft manufacturing facility in Vadodara signalled a break from the state-owned HAL’s “monopoly” in the sector. “We don’t see the development as a challenge,” he said. “When the goal is to attain self-reliance (in the defence sector), there has to be room for many players.
