Arun Jaitley briefs why purchase of aircraft took 10 years

Updated:5 months, 3 weeks ago IST

New Delhi, Aug 29 (ANI): In an exclusive interview to ANI, Union Finance Minister Arun Jaitley briefed on the purchase of the aircraft. He said there is a larger public interest, and policies are not changed regularly. The object of offsets is also that India had no defence manufacturing potential. Firstly, PSUs came up, some potential came up. Now private sector has started coming in. Today they changed the policy to allow even private sector to start manufacturing in collaboration with foreign principles. Public sector can also enter into those collaborations. Hindustan Aeronautics Limited (HAL) can still enter into a re-collaboration. HAL is in fact, entering into collaborations with foreign principles to start manufacturing in various areas. Now the sky is the limit.

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