106th Day Of Lockdown

Maharashtra2171211185589250 Tamil Nadu118594711161636 Delhi102831742173165 Gujarat37636267441978 Uttar Pradesh2996819627313 Telangana2761216287313 Karnataka2681511100417 West Bengal2383715790804 Rajasthan2140416575472 Andhra Pradesh211979745252 Haryana1799913645279 Madhya Pradesh1562711768622 Bihar12525933898 Assam12523833016 Odisha10097670354 Jammu and Kashmir89315399143 Punjab67494554175 Kerala5895345228 Chhatisgarh3415272814 Uttarakhand3230262143 Jharkhand3018210422 Goa190311568 Tripura171612481 Manipur14307710 Himachal Pradesh107876410 Puducherry104351714 Nagaland6443030 Chandigarh4924017 Arunachal Pradesh270922 Mizoram1971390 Sikkim125650 Meghalaya94432
Business Other News 28 Feb 2020 Defence exports to d ...

Defence exports to double: Rajnath Singh

DECCAN CHRONICLE. | CHANDRASHEKAR G
Published Feb 28, 2020, 3:30 am IST
Updated Feb 28, 2020, 3:30 am IST
The annual projected defence deal will double up by 2024 and the same has been pegged at `35,000 crore from `17,000 crore, he said.
Rajnath Singh
 Rajnath Singh

BENGALURU: Defence minister Rajnath Singh on Thursday said that defence industry plays crucial role in the economic development of the country and he lauded the significant contribution of organisations like HAL that has helped India leapfrog six places to become the fifth largest economy in the world.

After inaugurating the new Light Combat Helicopter Production Hangar in HAL Complex at Bengaluru he said, in the last five years, India has made significant progress towards manufacturing military equipment indigenously under the ‘Make in India’ initiative.

 

The annual projected defence deal will double up by 2024 and the same has been pegged at `35,000 crore from `17,000 crore, he said.

Commending HAL for being the backbone of the Indian Air Force and meeting the requirements of the Armed Forces he says, “The HAL has excelled both in operations and finance in the last five years. It has achieved operational clearance on seven platforms, including Light Combat Aircraft and Light Combat Helicopter, and overhauled platforms like Hawk and SU 30 MKI.”

He appreciated that HAL had a turnover of `19,705 crore till March 2019 and it gave shareholders a healthy dividend of 198 per cent. Noting that HAL is now facing stiff competition from private defence industries, Singh urged the DPSU to take this changing environment as a challenge and grab the opportunities to increase their competitiveness in the international market.

He conveyed best wishes to HAL for its future projects in the field of fixed wing and rotary aircraft, hoping that the DPSU will lead India in civil aircraft business too.

CMD R. Madhavan said, LCH is completely ready for operational induction and the Helicopter Complex is fully geared up for its production. He added that the new production hangar will augment the LCH production capacity to reach a peak production of 30 helicopters per year.

HAL also apprised Raksha Mantri on the progress of new design and development programme of indigenous Indian Multi Role Helicopter (IMRH). The full-scale mock-up was showcased to Rajnath Singh. The IMRH is proposed as replacement to the existing medium lift helicopters such as Mi17’s, Kamovs and Seakings which will phase out in the next eight to ten years.

LCH is a 5.5-tonne class combat helicopter designed and developed by HAL.

It is powered by two Shakti engines and inherits many technical features of the Advanced Light Helicopter. LCH has the distinction of being the first attach helicopter to land in Forward Bases at Siachen, 4,700 mts above sea level with 500kg load.

...
Location: India, Karnataka, Bengaluru




ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT