Biggest Update! 40 Made In India Aircraft | Tata To Manufacture Airbus Planes In India | Trainsome

Biggest Update! 40 Made In India Aircraft | Tata To Manufacture Airbus Planes In India | Trainsome
LINK- https://theprint.in/defence/iaf-to-get-56-c-295-airbus-aircraft-as-modi-govt-clears-make-in-india-deal/730260/
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IAF to get 56 C-295 Airbus aircraft as Modi govt clears ‘Make in India’ deal
In a major ‘Make in India’ step, the government Wednesday cleared the long pending, nearly USD 3 billion-deal for procuring 56 C-295MW transport aircraft for the Indian Air Force (IAF). The aircraft will replace the ageing IAF fleet of Avro 748 transport aircraft that first flew in 1961.

The Cabinet Committee on Security, led by Prime Minister Narendra Modi, cleared the procurement, which will see 16 aircraft being delivered in flyaway condition from Spain within 48 months of signing of the contract.

The remaining 40 aircraft will be manufactured in India by the TATA Consortium within 10 years of signing the contract.

Incidentally, this is the first defence contract the European firm Airbus has signed with India since the 1960s despite being in the country for over five decades.

It is also the first project in India in which a military aircraft will be manufactured by a private company.
Cost negotiations were completed six years ago, but the deal was stuck due to finance issues and prioritisation of various other projects, including the Rafale deal. In this time though, there has not been any price escalation by Airbus, which tied up with TATA for the execution of the project.

In January, it was reported that the C-295 deal for a multi-role transport aircraft that can carry a maximum payload of 9.25 tonnes would likely be inked this year.

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