Tata and Airbus Defence Project worth $2.5 billion to manufacture C-295 Transport Aircraft #UPSC

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Tata and Airbus Defence Project worth $2.5 billion to manufacture C-295 Transport Aircraft #UPSC
Airbus Defence and Space S.A, Spain and Tata Advanced Systems Limited (TASL) will jointly execute the project to equip the air force with the new transport aircraft under the Make-in-India initiative in the aerospace sector.
This is the first project of its kind in which a military aircraft will be manufactured in India by a private firm. The project will give a boost to aerospace ecosystem in India wherein several MSMEs spread over the country will be involved in manufacturing of parts of the aircraft.
Airbus will supply the first 16 aircraft in flyaway condition from Spain within 48 months of signing of the contract and 40 aircraft will be assembled in India by Tata consortium within ten years of signing of the contract.

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