Modi govt clears private sector entry into military transport aircraft project

Signaling the end of defence PSU Hindustan Aeronautics' monopoly in the domestic aerospace arena, the Modi government on Saturday gave the formal nod for the Indian private sector to tie up with a foreign collaborator to supply 56 transport aircraft to the IAF. TOI on Wednesday had reported that the defence acquisitions council (DAC), chaired by defence minister Arun Jaitley, would clear the proposed Rs 13,000 crore project in its meeting on Saturday.

See the full article at The Times Of India