- News>
- India
Rs 1,000 crore sanctioned for series production of LCA
Bangalore, Nov 02: The Union government has sanctioned about Rs 1,000 crore for limited series production of the indigenously developed light combat aircraft, a topaviation official said today.
Bangalore, Nov 02: The Union government has sanctioned about Rs 1,000 crore for limited series production of the indigenously developed light combat aircraft, a top
aviation official said today.
N R Mohanty, chairman and managing director of Hindustan Aeronautics Limited (HAL), said that under the limited series production, eight LCAs would be produced each year at HAL facilities here.
"We have already selected the site, some buildings and bought equipment for production of LCA. We are going ahead with it", he told reporters here after attending a function. He said the intermediate jet trainer, designed, developed and being produced by HAL, would take to the skies on its maiden flight in the current financial year and most probably, at the Bangalore air show, scheduled to be held in February.
The Indian Air Force had indicated that it would require 250 numbers of IJT, a replacement for Kiran Mark-II, Mohanty said, adding, IJT also had the potential for the world market. A `mini-ratna` company, HAL had submitted to the government to accord it the status of "nava-ratna", Mohanty said and expressed confidence of securing the coveted honour.
HAL, which clocked a turnover of Rs 2,775 crore in 2001-02, was aiming to cross the Rs 3,000 crore mark in the current financial year and Rs 4,000 crore in 2003-04, he added. Bureau Report
"We have already selected the site, some buildings and bought equipment for production of LCA. We are going ahead with it", he told reporters here after attending a function. He said the intermediate jet trainer, designed, developed and being produced by HAL, would take to the skies on its maiden flight in the current financial year and most probably, at the Bangalore air show, scheduled to be held in February.
The Indian Air Force had indicated that it would require 250 numbers of IJT, a replacement for Kiran Mark-II, Mohanty said, adding, IJT also had the potential for the world market. A `mini-ratna` company, HAL had submitted to the government to accord it the status of "nava-ratna", Mohanty said and expressed confidence of securing the coveted honour.
HAL, which clocked a turnover of Rs 2,775 crore in 2001-02, was aiming to cross the Rs 3,000 crore mark in the current financial year and Rs 4,000 crore in 2003-04, he added. Bureau Report