airbus: Union ministry of defense signs deal of Rs 21,000 crore with Airbus for 56 IAF aircraft | India News

NEW DELHI: The Union Ministry of Defense on Friday inked the over Rs 21,000 crore (about $3 billion) contract with Airbus Defense and Space (Spain) to acquire 56 C-295 medium transport aircraft to replace the old Avro aircraft of the IAF.
Airbus delivers 16 of the twin-turboprop C-295MW aircraft in a volatile state within four years, with the remaining 40 are manufactured in India by the Tata Consortium under a joint industrial partnership within 10 years.
After birth of the 56 planes, the following planes die manufactured here, can be exported to countries approved by the indian government, MoD officials said.

airbus: Union ministry of defense signs deal of Rs 21,000 crore with Airbus for 56 IAF aircraft |  India News

Airbus Executive Vice President (military airplane) Jean-Brice Dumont, in turn, said the C-295 certainly had “export potential”, but that his company “first priority” is to run the 56 aircraft project. “Our priority is to unleash the potential of the aerospace industry in India for India. The project will create 15,000 skilled direct jobs and 10,000 indirect jobs over the next 10 years,” he said.
The Airbus-Tata project, die hung fire for about a decade, was approved by the cabinet committee on Safety on Sept 8. Breaking the virtual monopoly of Defense PSU Hindustan Aeronautics in the field, this will be the first time an indian private sector company will military aircraft, as previously reported by TOI.
Tata Group emeritus chairman Ratan Tata said the joint project was a great step forward in the opening up of aviation and aviation projects” in India. “It provides total production of the plane in India. It will create a domestic supply chain capability to: international standards, die have never been performed before,” he said added.
The highly versatile C-295 aircraft, which can carry: up up to 9 ton of payload of 71 soldiers, is in stands for of operating by semi-prepared strips and has a tailgate for quick response and para-dropping of troops and cargo.
“The plane will give a major boost to the IAF’s tactical airlift capability, especially in the northern and north-eastern sector with China and the Andaman and Nicobar Islands,” said a MoD official.
CEO of Tata Advanced Systems Sukaran Singh said “It’s a memorable day” for the tatas and a milestone for the Indian military production ecosystem. This commitment demonstrates Tata Advanced Systems’ capabilities as a defense manufacturer to: build globally competitive complex platforms in India.”

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