Indian Cabinet Committee cleared the Airbus-Tata project to build 56 C-295 transport aircraft costing over USD 3 billion.
The project aims to replace the aging Indian Air Force Avro-748 transport airplanes.
Under the Tata Consortium, 40 of the 56 airplanes will be manufactured in India over the next 10 years while the remaining 16 will be manufactured in Spain.
“We are extremely pleased to announce our partnership with Airbus Defence and Space for the Avro replacement program for the Indian Air Force. It is a landmark for the development of aircraft manufacturing capability in India, now that Tata Advanced Systems is poised to take this step toward building entire aircraft in India. The selection of Tata Advanced Systems by Airbus demonstrates the confidence that has been built in our ability to undertake this complex program.” Mr. S. Ramadorai, Chairman, Tata Advanced Systems
This would be the first time that a private sector company in India will be manufacturing military airplanes for the Indian Air Force.
The C-295 is capable of performing a wide variety of missions effectively: tactical and logistical transport, parachute and cargo drop, medical evacuation, and maritime patrol.