The meeting came in response to an increasing attack by the Opposition Congress party on the government after reports of a severe financial crisis in Hindustan Aeronautics Ltd, which produces a range of aircrafts that include trainer aircrafts, military helicopters, civil helicopters, transport aircrafts and fighter aircrafts.
According to sources, Nirmala Sitharaman was apprised about the financial conditions of the public sector undertaking by Managing Director R Madhavan. Hindustan Aeronautics Ltds top authorities were informed of the governments initiatives to help the defence firm overcome the problems
Last month, Indias Supreme Court rejected petitions seeking an investigation of the Modi governments fighter jet deal with Frances Dassault Aviation, with the Opposition continuing to use the issue put pressure on the government ahead of this years General Elections.
According to sources, Nirmala Sitharaman was apprised about the financial conditions of the public sector undertaking by Managing Director R Madhavan. Hindustan Aeronautics Ltds top authorities were informed of the governments initiatives to help the defence firm overcome the problems.
In a response made in Parliament last week, Sitharaman said the government had given HAL orders worth Rs 1 lakh crore.
