Schedule a Call Back
Hindustan Aeronautics targets global markets with new export division
Industry News- Oct 23,23
HAL plans to target various countries, including Argentina, Nigeria, Egypt, and the Philippines, offering its light combat aircraft (LCA) Mk-1A and advanced light helicopter (ALH).
Aircraft manufacturer Hindustan Aeronautics (HAL) is gearing up to establish a new business division dedicated to expanding its exports. According to the company's chairman and Managing Director, CB Ananthakrishnan, HAL plans to target various countries, including Argentina, Nigeria, Egypt, and the Philippines, offering its light combat aircraft (LCA) Mk-1A and advanced light helicopter (ALH). The restructuring initiative aims to convert potential leads into concrete orders, addressing the challenge of transforming global interest into sales. HAL intends to appoint a CEO of Marketing, a newly created position, responsible for steering the export efforts independently. This shift signifies a strategic move to concentrate exclusively on exports, ensuring an exclusive focus on meeting the diverse needs of potential international clients.
HAL has recently faced setbacks, such as losing a significant contract to supply fighter jets to Malaysia. Despite this, the company remains optimistic, targeting countries like Argentina, which requires 15 new fighters, Nigeria, looking for 16-18 jets, Egypt with a requirement for 20 aircraft, and the Philippines needing up to 20 helicopters. HAL plans to offer comprehensive packages to potential customers, not just selling aircraft but also assisting in developing local industry ecosystems for basic repairs and maintenance. Additionally, HAL intends to involve the private sector in these countries, fostering collaborative efforts for sustainable growth.
India, as a nation, has set ambitious goals for defence exports, aiming to achieve Rs 35,000 crore by 2024-25. The country's focus on bolstering exports aligns with efforts to enhance self-reliance in military hardware. Several measures have been implemented, including phased import bans on weapons, the creation of a separate budget for locally made military equipment, increased foreign direct investment, and improvements in the ease of doing business. Furthermore, India has recently placed an import ban on 98 weapons and systems, emphasising its commitment to indigenisation. These strategic initiatives reflect India's determination to strengthen its position in the global defence market.
Source: Hindustan Times
HAL
Hindustan Aeronautics
Export Division
Fighter Jets
Helicopters
LCA Mk-1A
ALH
India
CB Ananthakrishnan
Advanced Light Helicopter
Light Combat Aircraft
Argentina
Nigeria
Egypt
Philippines
Related Stories
Auto & Auto Components
Jujhar Logistics orders 434 wagons from Texmaco to boost automobile transport
Jujhar Logistics invests Rs 3.295 billion in 434 auto carrier wagons from Texmaco to expand rail freight capacity and support greener automobile transport.
Read moreAerospace Defence
CUMI Secures NATO level standard for armoured vehicle protection solutions
CUMI achieves secures STANAG 4569 Level 4 qualification for indigenous vehicle armour, strengthening India's defence manufacturing and ballistic protection capabilities. STANAG 4569 is a NATO standa..
Read moreElectrical & Electronics
Advait Energy Wins Rs 131.58 Crore DGVCL Grid Modernisation Contracts in Gujarat
The company has won Rs 131.58 crore contracts from Dakshin Gujarat Vij Company Limited (DGVCL) to upgrade power networks in Gujarat with underground cabling and SCADA-compatible systems.
Read moreRelated Products
Hittco Tools Railway & Aerospace Precision That Moves Railways
Aerospace & Defence
HITTCO Tools Ltd offers a wide range of Hittco tools railway & aerospace precision that moves railways.
Read moreTroop Comforts revolutionises military gear with indigenous innovations
Aerospace & Defence
Troop Comforts Ltd (TCL), a state-owned defence corporation, has recently received a request for proposal (RFP) from the Northern Command of the Indian Army for its indigenously developed military gea Read more
latest News
Subscribe to iNoW
For Industry News on WhatsApp, Give a Miss Call on: +91 84228 74016
