Union defence ministry inks Rs 21,000 crore deal with Airbus for 56 IAF planes
NEW DELHI: The Union defence ministry on Friday inked the over Rs 21,000 crore (around $3 billion) contract with Airbus Defence and Space (Spain) to acquire 56 C-295 medium transport aircraft to replace the old Avro planes of the IAF.
Airbus will deliver 16 of the twin-turboprop C-295MW aircraft in a flyaway condition within four years, with the remaining 40 being manufactured in India by the Tata Consortium under a joint industrial partnership within 10 years.
After the delivery of the 56 aircraft, the subsequent planes manufactured here can be exported to countries cleared by the Indian go nment, said MoD offi als.
Airbus executive vice-presi nt (military aircraft) Jean-Brice Dumont, in turn, said the C-295 certainly had “export pential” but his company’s “first priority” is to ex te the 56-aircraft project. “Our priority is to unleash the pential 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, which was hanging fire for around a decade, was cleared by the Cabinet Committee on Security on September 8. Breaking the virtual monopoly of defence PSU Hindustan Aeronautics in the field, this will be the first time an Indian private sector company will manufacture a military aircraft, as reported by TOI earlier.
Way to Go! That is the advantage of our Mother India when she has truly nationalistic leadership, rather than Quislings and Weaklings bowing and braying for an illiterate Broad from Abroad!
I do not understand why idiots have to give negative comments when ever India does some thing.
Now people who call others as idiots, were and are idiots always!!! Revisit your comments before 2014 and see how idiotic you were!
Looks like you are one of the them in the group. The comment was meant for fools and idiots. For your information I only took interest in India's news after 2014. Under the puppet's rule India was doomed.
Election time, sign more useless deals paper deals, will take 20 yrs to even move an inch, take cut money, fill bjp treasure
This time again will Modiji visit and deal personally to ensure 0 co ption like Raffle deal?
Hey Chinese bootlicking sl ve, why u morons live in India... Have no shame and have no guts..
Just see the Indian open his mouth and say: buy. We have nothing to worry about. Buying is a complete failure. I don't know what to boast about.
u Chinese are giving loans and making enemies we Indians are trading and making friends. we gave you re gion but you did not learn anything from it.
ship of Indi fools
Make in India? MOdij fooled Indians again yet Indians willing to be fools.
Mr.Fool, 40 tata consorcia is Make in India.
cat u read 40 off them are manufactured in india by tata
Bunch of illiterate antinationals....
China's Y20 can carry 66 tonnes, fly at 600 kmph for more than 3000 kms nonstop. It has flown to Moscow and back to China multiple times. India wants to compete with China? Big Indian joke
We cannot compete with everyone but if we buy this from USA they will buy 10 times worth of IT from us and also transfer technology.
The Chinese population is con trated in the eastern half. So Chinese need Y20 with a range of 3000 km (1875 miles).
Buy, buy, buy don't make in home, just buy, what happened to make in india buyer in chief?
May be you should read the article one more time before you post any comments.
True. But tata has yet to make a decent car .
India has been one of biggest Aviation importer countries in the world without any major effort to produce its requirements indigenously. This is the first major effort to acquire combat aircraft from abroad while simultaneously develo indigenous capability to produce the aircraft locally. Hats off to PM Modi for such vision and the will!
George Kattukaran Mathew
Any defense deals to Tata group, no prests, voice raising. If a defense project is given to new generation entrepreneurs like Ambani, Adani, it becomes a Scam beore signing MOU but only ag inst a news. What our people n po iticians want to permit only Tatas. Others have provided millions of jobs. Only Tata cannot create jobs.we require mutiple entrepreneurs of all generations n classes. Our attitude shud change.
People/po iticians support Tata, I think it is because of the clean image that Tata has created (as for as I know), I may be wrong.
i dont care whoever rules india, it should not sonia ecosy em anywhere near power.