The Union Cabinet cleared a proposal to procure fifty six C-295MW transport aircraft from Airbus Defence and Space for the Indian Air Force, the Ministry of Defence said on Wednesday.
Sixteen aircraft will be delivered in flyaway condition from Spain within 4 years of signing of the contract and forty aircraft will be manufactured in India by Tata Consortium within ten years of signing of the contract, the ministry said. 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