Livemint wants to start sending you push notifications. Click allow to subscribe
Subscribe
My Reads e-paper Newsletters IFSC Code Finder New MintGenie
Subscribe
OPEN APP
Home >Companies >News >Make in India: Tata-Airbus sign 20,000 crore deal for military aircraft

Make in India: Tata-Airbus sign 20,000 crore deal for military aircraft

Premium
The long-pending procurement was cleared by the Cabinet Committee on Security two weeks back.

‘All 56 aircraft will be installed with indigenous electronic warfare suite,’ the ministry had said on September 8

Listen to this article
Your browser doesn’t support HTML5 audio

The Defence Ministry on Friday inked a nearly 20,000 crore contract with Airbus Defence and Space of Spain to procure 56 C-295 medium transport aircraft which will replace Avro-748 planes of the Indian Air Force.

The Defence Ministry on Friday inked a nearly 20,000 crore contract with Airbus Defence and Space of Spain to procure 56 C-295 medium transport aircraft which will replace Avro-748 planes of the Indian Air Force.

The long-pending procurement was cleared by the Cabinet Committee on Security two weeks back.

The long-pending procurement was cleared by the Cabinet Committee on Security two weeks back.

Subscribe to Continue Reading

"Contract signed between #MinistryOfDefence and @AirbusDefence &Space, Spain for procurement of 56 C-295 transport aircraft for the #IAF," Defence Ministry Spokesperson A Bharat Bhushan Babu tweeted.

"The clearance of the joint project between Airbus Defence and Tata advanced systems to build the C-295 is a great step forward in the opening up of aviation and avionics projects in India," said Ratan Tata. 

Under the deal, 16 aircraft will be delivered in a flyaway condition by the Airbus Defence and Space within 48 months of signing the contract.

The remaining 40 planes will be manufactured in India by a consortium of the Airbus Defence and Space and Tata Advanced Systems Limited (TASL) within 10 years of signing the contract, officials said.

This is the first project of its kind in which a military aircraft will be manufactured in India by a private company.

"All 56 aircraft will be installed with indigenous electronic warfare suite," the ministry had said on September 8 after the procurement was cleared by the Cabinet Committee on Security.

The in-principle approval for the Avro replacement programme was accorded around nine years back.

A large number of detail parts, sub-assemblies and major component assemblies of aerostructure are scheduled to be manufactured in India.

The ministry had said that before completion of the deliveries, a servicing facility for C-295 MW aircraft is scheduled to be set up in India.

Never miss a story! Stay connected and informed with Mint. Download our App Now!!