India Offers To Spend $12B To Break Monopoly

The Indian government, acting on Air Force demands, has offered to spend $12 billion to encourage private firms to establish an aircraft manufacturing facility — a move that would break Hindustan Aeronautics Limited’s monopoly on aircraft manufacturing after years of delays on several projects. Specifically, the Indian government has offered an advance order for the homemade light combat aircraft (LCA) Mark-2, a Defence Ministry source said.

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