Something I posted in another forum
India operates an abysmal procurement system, so bad that the IAF has been starved of fighters. Successive governments have clung onto a state-owned monopoly in fighter production. Now there is serious talk of involving the private sector in fighter production since the IAF, already down to around 30 squadrons (instead of the 42 sanctioned) will need to retire at least a dozen more fighter squadrons in coming years. IAF will need hundreds of fighters to reach 42 squadron level. There is no real prospect of HAL, India's sole existing fighter supplier, 'delivering the goods'.
L&T, a large Indian private player already supplying wings for the Tejas Mk1A,, has expressed an interest in producing fighters, until now the preserve of HAL. The shortage of fighters promises to become so acute that it is speculated that perhaps 300 Tejas Mk2 could be ordered, representing at least $20 billion in business just for the flyaway aircraft. With that number of frames involved good economies of scale could be harvested and a good profit made by L&T. India could even become a net exporter of fighters!
From Indian media, so of dubious accuracy:
Larsen & Toubro (L&T), a leading Indian engineering conglomerate, is strengthening its presence in the nation's aerospace and defence industry by contributing to key indigenous programs. The company's involvement ranges from the Tejas Light Combat Aircraft (LCA) to potential roles in future...
defence.in