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Private sector companies are not interested. They want readymade products just like C 295 by TATA and M4 by kalyani and K9 by L&T. They only want to assemble and do screwdriving jobs. They don't have the mental capacity and strength to do such technological advanced projects.Private sector too has to Invest , they just interested in profits.if India is Going to become Atmanirbhar in Aero-Sector. Pvt can also involve in MRO Facility this is another opportunity.
Only HAL can do it. Instead of waiting for 5 years to call the private sector companies, government should have allowed HAL to start work on the project. HAL world have already started serial production of AMCA.