/Narendra Modi Centre’s proposal to disinvest 15% stake in HAL opposed
Narendra Modi Centre’s proposal to disinvest 15% stake in HAL opposed

Narendra Modi Centre’s proposal to disinvest 15% stake in HAL opposed

Narendra Modi

The Union authorities’s proposal to disinvest 15% of its stake in HAL via offer for sale has no longer gone well with stakeholders. In a letter addressed to Prime Minister Narendra Modi, opposing the pass, the All India HAL Commerce Union’s Coordination Committee said that “selling defence public sector enterprise is nothing nonetheless selling nationwide sovereignty”.

They urged the PM to no longer proceed with the disinvestment in the ardour of nationwide sovereignty. The letter said that HAL used to be handling various important initiatives for the Indian navy, along with initiatives on Tejas Light Strive in opposition to Plane and Dhruv developed light helicopters except for manufacturing satellite tv for pc buildings for ISRO.