Indian aerospace industrial capabilities have thus far been dominated by a giant conglomerate – Hindustan Aeronautics Limited (HAL) – that have evolved through decades.  HAL’s predecessor Walchand Hirachand Industries Limited was a privately owned aircraft manufacturing entity engaged primarily in repair and overhauling of British and Allied air assets, before being taken over by the government in the 1940s.

While the world is gradually moving towards green economy, Orissa is seen to be embracing brown economy. Depending on the likes of Vedanta, POSCO, batteries of sponge Iron and coal companies which have demonstrated negligible social and environmental sensitivities, the State government intends to allocate exclusive water for such industries. On August 5, the state cabinet has approved a proposal to create a 'water conservation fund' from monetary contribution of industries which use the water from October to June.