Make in India : Tata, Airbus Sign ₹20,000 crore Deal Military Aircraft!

The Defence Ministry and Airbus Defence and Space of Spain, on Friday (September 24), signed a contract worth around Rs 20,000 to procure 56 C-295 medium transport aircraft. The new aircraft will be replacing the outgoing Avro-748 planes which are in the possession of the Indian Air Force. Cabine Committee on Security had approved the procurement of planes two weeks back. This is the first project 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 Union ministry had said earlier. The procurement was earlier cleared by the Cabinet Committee.