HAL not contending to be offset partner of any firm, says top executive

November 07, 2018 16:01

Amid a political slugfest over the Rafale fighter jet deal, state-run HAL's Chairman and Managing Director R Madhavan Wednesday said the aircraft manufacturing company is contending not to be an offset partner of any original equipment manufacturer.

But it would like to be a "total technology transfer partner" for production of aircraft, he said.

Madhavan's reply came when he was asked to clarify on one among many charges that defence PSU Hindustan Aeronautics Limited had been deprived of an offset contract from the Rafale deal.

"We are not contending to be an offset partner to any OEM, rather HAL would like to be a total technology transfer partner for production of aircraft," he said.

He also said HAL's basic focus was on manufacturing of aircraft, helicopters, associated accessories and their repair and overhaul, and not in garnering offset business.

Production of aircraft from transfer of technology is totally different from offsets, according to him.

Some portion of the offset business from various other programmes were being administered at the HAL, but it does not form a major business, Madhavan said.

"HAL will continue to get these offset business," he added.

The Congress recently accused the government of forcing Dassault Aviation to make Reliance Defence its offset partner for the Rs 58,000 crore deal to purchase 36 Rafale jets.

It alleged that the government was helping the Anil Ambani group get a contract worth Rs 30,000 crore from the deal.

« Back to LIVE

TOP STORIES

In Pictures - SRH seal dramatic win, edge past RR by 1 run

IMAGES from the IPL match between Sunrisers Hyderabad and Rajasthan Royals played in Hyderabad on Thursday

Rising cricketer Baker passes away at 20

Worcestershire County Cricket Club is devastated by the sudden passing of their talented left-arm spinner, Josh Baker

Modi hails Rajputs, meets Jamnagar royal amid Kshatriya stir against Rupala

Ahead of his poll rally in Jamnagar on Thursday evening, Modi met Jam Saheb Shatrusalyasinhji at his residence in the city.

Selectors unconcerned with Kohli's IPL strike rate

While Kohli's experience is invaluable, Agarkar believes that there are enough power-hitters in the line-up if there are high-scoring games.

Coal India posts 26% rise in profit in Q4 on higher supplies

Coal behemoth CIL on Thursday reported a 26.2 per cent rise in consolidated net profit to Rs 8,682.20 crore for the March quarter on the back higher supplies of the dry fuel. The company's consolidated net profit stood at Rs 6,875.07...