India News | Govt Likely to Seal Deal on Purchase of 56 C-295 Military Transport Planes in Next Few Days
Get latest articles and stories on India at LatestLY. The defence ministry is likely to finalise in the next few days the nearly Rs 20,000 crore Airbus-Tata deal to procure 56 C-295 medium transport aircraft to replace the Avro-748 planes of the Indian Air Force, people familiar with the development said on Thursday.
New Delhi, Sep 23 (PTI) The defence ministry is likely to finalise in the next few days the nearly Rs 20,000 crore Airbus-Tata deal to procure 56 C-295 medium transport aircraft to replace the Avro-748 planes of the Indian Air Force, people familiar with the development said on Thursday.
The long-pending procurement was cleared by the Cabinet Committee on Security two weeks ago.
Also Read | Jammu And Kashmir: LeT Terror Module Busted in Bandipora District; 4 Arrested.
Under the deal, 16 aircraft will be delivered in a flyaway condition by the Airbus Defence and Space of Spain within 48 months of the signing of the contract.
The remaining 40 planes will be manufactured in India by a consortium of the Airbus Defence and Space and the Tata Advanced Systems Limited (TASL) within 10 years of the signing of the contract, officials said.
Also Read | Uttarakhand Woman Kills 6-Year-Old Child, Ends Life in Rudrapur Area of Udham Singh Nagar District.
The C-295MW aircraft is a transport plane of 5-10 tonne capacity.
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 defence 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 ago.
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 the completion of the deliveries, a servicing facility for the C-295MW aircraft is scheduled to be set up in India.
"It is expected that this facility will act as a regional MRO (maintenance, repair and overhaul) hub for various variants of the C-295 aircraft," it had said.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)