Tata & Airbus sign Rs 22,000 crore deal to manufacture C-295 aircraft in Uttar Pradesh

In a boost to expand aerospace ecosystem in India, Tata Group in partnership with Airbus will deliver 56 C-295 military aircraft to Indian Air Force. On Thursday, Sept 23, Tata, Airbus has signed an Rs. 22,000 crore deal with Centre to manufacture C-295 transport aircraft in India, Republic Media network has learned through its sources. Out of total 56 aircraft, 40 will be manufactured locally in India, while 16 will be developed in Spain.

Tata & Airbus manufacturing plant is likely to be set up in Uttar Presh to develop se military aircraft. deal was proposed to boost Make in India initiative launched by central government.

Tata, Airbus strike deal to manufacture 40 C-295 military aircraft

This was one of many initiatives taken by Central government to promote involvement of private sector in defence manufacturing. Tata, Airbus will be manufacturing 40 C-295 aircraft in India, at its manufacturing plant, proposed to be in Uttar Presh and rest 16 will be transported from Europe within two years. group has reportedly agreed to supply all aircraft within 10 years. C-295 aircraft is used as a transport aircraft by military to transport tonnes of equipment, weapons, etc.

This is biggest private manufacturing military order to date. deal was signed under ambit of Make in India initiative, launched by PM Modi government to build an “Atmanirbhar Bharat ”.

Airbus, in collaboration with Tata group decided to build a final assembly line in India to build C-295 military transporter, a replacement for Indian Air Force’s Avro aircraft fleet, space company h informed earlier. Airbus is Europe's largest space corporation, with a long history of collaboration with Indian Space Research Organization (ISRO). y collaborated on design and construction of two communication satellites for European customers: Eutelsat W2M in 2008 and HYLAS-1 in 2010, among or projects.

Tata group makes a bid in Air India’s disinvestment

In anor significant investment, Tata group has also me a financial investment bid in national carrier Air India’s disinvestment. A Tata Sons spokesperson told PTI that it has put in a bid for Air India. Earlier, it was reported that apart from Tata Group, SpiceJet too may place ir bids in Air India disinvestment. Centre is planning to sell a 100% stake in Air India airline and its low-cost subsidiary Air India Express, and a 50% stake in ground handling company Air India SATS Airport Services Private Limited (AISATS). Or properties including Air India building in Mumbai, Airlines House in Delhi will also be part of deal. 

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