SOURCE: RAUNAK KUNDE / NEWS BEAT / IDRW.ORG
Hindustan Aeronautics Limited (HAL) actively considering using internal funding and then waiting for Cabinet Committee on Security (CCS) sanction to develop the Indian Multi-Role Helicopter program which usually takes a lot of time to get clear due to bureaucratic delays that often takes time to sanction new project funds.
HAL has already completed preliminary design work and the next step would be to develop prototypes for carrying out developmental flights trials and to create production facilities which will require 11000 cores worth of funding but often major projects funds are delayed due to which projects take time to take off, due to avoid this HAL is considering pumping an initial amount for the program to keep it on schedule.
IMRH would be manufactured through a Special Purpose Vehicle (SPV) jointly formed between Hindustan Aeronautics Limited (HAL), Defence Research and Development Organization (DRDO) and private players.
NOTE : Article cannot be reproduced without written permission of idrw.org in any form even for YouTube Videos to avoid Copy right strikes