HAL’s AMCA and IMRH programmes to be implemented under SPV model: Chairman

Chairman of Hindustan Aeronautics Limited (HAL) R Madhavan said the defence PSU is trying to implement the next generation Advanced Multi-Role Combat Aircraft (AMCA) and Indian Multi Role Helicopter (IMRH) under the special purpose vehicle (SPV) model involving private players.

Speaking at the webinar ‘Aatmanirbharta in Defence: Call to Action’ organised by the Ministry of Defence on February 26, Madhavan said, “We are trying to implement the projects through the SPV route where we want the private players to have a majority stake so that it does not become a full government entity. The procurement process will also be easy. The advantage is that it will cut procedural delays. On AMCA, we are working with DRDO.”