TimeTraveller
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According to the report prepared by Defensenews.com , IAF recently had a
meeting with Few Indian Private Defence companies to exploit option to
establish a Private production line for Tejas MK-2 , which will be
funded by IAF and will be Assured Advance orders for Tejas MK-2 .
Tejas MK-2 which is likely to make its first debut flight in 2016-17
period and later in 2018-19 will enter Production . till now IAF had
committed to procure 83 MK-2 variants from Public sector Company HAL .
last year IAF confirmed that it will require 14 Tejas squadrons. which
will bring grand total to 296 Tejas Aircraft in its fleet. so total
requirement for MK-2 variant will stand at 250 aircrafts .
Representatives from Tata Group, Mahindra & Mahindra and Larsen and
Toubro were present at the meeting with IAF , Proposal has clear backing
of MOD and GOI . IAF is open to ideas of joint venture or consortium of
Private firms or Joint venture with an International vendor for setting
up second production line in India to speed up Production of MK-2
aircrafts .
Hindustan Aeronautics Limited has a busy schedule for next 10 years and
any increase in Tejas MK-2 orders will have direct effect of Production
schedule due to limits of current Production facility . IAF wants HAL to
concentrate on Production of French Dassault Rafale and Indo-Russian
FGFA aircrafts , while Private firms will manufacture Tejas MK-2
aircrafts . if IAF stands by order of 250 MK-2 variants and Private
firms can bag advance order for 150 aircrafts it will be huge order for
any Private firm in India .
IAF not only will invest in the Production line but also provide assured
orders for Second production line , Private companies are still going
through the report and will submit their proposals soon , IAF haven’t
given any time line but it seems it will be around 2019 when New
Production line will be needed . IAF has hinted in the meet that later
India’s AMCA Project to will be executed in similar way , assuring
Private firms their involvement in future projects .
Source : IAF looking for Private Production line for Tejas MK-2 | idrw.org

I am sure the private companies will be jumping with joy.