State-owned aerospace major Hindustan Aeronautics Ltd (HAL) has sharply ramped up its manufacturing capacities and is set to deliver 350 combat jets, trainers and helicopters worth Rs.500 billion ($10 billion) to the Indian armed forces by 2012, its chairman Ashok Baweja said here Thursday.
“The orders pertain to the manufacture of 350 aircraft and helicopters to be delivered by 2012,” Baweja said at a press conference here.
“Even as we were in the process of executing these orders, another demand for almost the same number of aircraft and helicopters was likely to emerge for the 2012-2017 period,” he added.
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