India’s state-run Hindustan Aeronautics Limited has only received a fraction of the offset work tied to defence contracts, sparking concerns about why private players like Anil Ambani's company have scooped up contracts to help India build a domestic industrial base.
Now, the Indian Air Force chief says there's a compelling reason for it.
Now, the Indian Air Force chief says there's a compelling reason for it.
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NewsTranscript
00:00There has been a slight lag in the delivery schedule of HAL for contracts that we have
00:07already executed to them.
00:08Sukhoi-30, we are three years behind, that is 25 are yet to be delivered.
00:14Jaguar Darin-3, we are six years behind.
00:17And Mirage-2000 Upgrade, we are two years behind.
00:47Most important is that the OEM who has to discharge the offset, they have to select
01:08HAL.
01:09Government of India and the Air Force have got nothing to do with it.
01:12Out of the three services, there have been 47 contracts, out of which 28 contracts with
01:19offset work for the Air Force, 9.73 billion American dollars, out of a total of 11.48
01:26billion dollars, out of which HAL has got only 427 million.
01:31Now whether HAL wants to do offset work or not, it is a corporate decision for them.
01:35It is not the question of Air Force pushing for anything.
01:38We had reached an impasse and like I told you, there were just three options, either
01:44you continue waiting and hope that something will happen or you withdraw the RFPA and start
01:48all over again or you do an emergency purchase.
01:53When your scorn numbers are coming down and so we did an emergency purchase.
01:59It is like a booster dose, both the Rafale deal and the S-400 are like a booster dose
02:06to the Air Force.
02:07Numbers are coming now.