India’s defence ambitions hinge on ’over-extended’ firm

India wants to throw off the tag of world’s biggest arms importer and produce its own top-class weaponry, but its ambitions hinge on a state-run group renowned for its inefficiencies.

HAL, or Hindustan Aeronautics Ltd, has a near-monopoly in the country’s aerospace industry and its presence was unmissable at this year’s India air show, which wrapped up in Bangalore on Sunday.

via Business feed http://www.scmp.com/business/companies/article/1149371/indias-defence-ambitions-hinge-over-extended-firm