Indian Defence and Aerospace Needs IDFC
India Strategic|August 2019

Bengaluru. Considering the huge potential of industrial growth in defence and aerospace (both civil and military) and challenges of meeting the financial needs for mega aviation projects in India, it is important to think of establishing an organisation like Indian Defence Finance Corporation (IDFC) on the lines of Indian Railway Finance Corporation, IRFC, said Dr RK Tyagi, Chairman of Aeronautical Society of India (AESI) and former ChairmanHAL

“With Defence Corridors planned in Tamil Nadu and UP, other initiatives of the Government, opportunities will abound in these sectors and we will need more money than ever”, he said at a seminar on ‘Energising Indigenisation in Aerospace and Defence’ organised by AESI and the Society of Indian Technologies and Industries (SIATI) July 19.

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