HAL chief welcomes Tejas approval; says will boost India's aerospace sector
Welcoming the government's approval to the Tejas deal, chief of state-run aerospace behemoth Hindustan Aeronautics Limited R Madhavan on Wednesday described it as a major shot in the arm towards India's goal of achieving self-reliance in the aerospace and aeronautics sector. The Cabinet Committee on Security (CCS) chaired by Prime Minister Narendra Modi approved the much-awaited deal worth Rs 48,000 crore to procure 83 indigenously-developed Light Combat Aircraft (LCA) Tejas from the HAL to boost Indian Air Force's combat prowess. Madhavan, chairman and managing director of the HAL, said t...
Source: business-standard.com