Possibility of increase in FDI in Defence generates interest

Saturday, May 31, 2014

Bangalore: Over 100 business partners from India and abroad participated at HAL’s 3rd Global Vendors’ Meet held here today to deliberate various issues related to supply-chain and e-business. In his inaugural address, HAL Chairman, Dr. R.K. Tyagi said with the possibility of increase in FDI limit in defence sector, production activity will get a boost in India. The lead companies like HAL will need your aggressive participation in such a context, he added. He also called upon these vendors to take advantage of IT enabled services introduced by the Company and ensure transparency in all the business dealings.

“We have initiated project “Parivartan”, a comprehensive programme for reviewing existing processes and help us to take key business decisions swiftly using Information Technology”, Dr. Tyagi said. HAL’s IT system is aided with effective security called project “Kavach”. The company has adopted e-payment mode covering all its business partners.

During the day-long program, vendors were updated on HAL’s programs and future business potential; procurement procedures; Supplier Relationship Management (SRM) and Supplier Relationship Improvement (SRI). The Company also informed them that feedback given on previous two occasions have been taken seriously and most of them have already been implemented to ensure systemic improvement.

Dr. A.K. Mishra, Director (Finance) in his welcome address called upon the vendors to be partners in HAL business by contributing to effective supply chain. Later, various issues raised by the vendors and follow-up actions that need to be taken were discussed at the open forum.