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24/09/2021 02:49pm

MoD signs multi billion $ contract with Airbus; MSME to be part of supply chain led by TATAs

image MoD signs multi billion contract with Airbus; MSME to be part of supply chain led by TATAs

New Delhi, Sep 24 (KNN) Ministry of Defence (MoD) signed a contract with M/s Airbus Defence and Space, Spain for acquisition of 56 C-295MW transport aircraft for the Indian Air Force, boosting aerospace ecosystem in India wherein several MSMEs spread over the country will be involved in manufacturing parts of the aircraft.

The MoD has also signed an Offset Contract with M/s Airbus Defence and Space through which M/s Airbus will discharge its offset obligations through direct purchase of eligible products and services from Indian Offset Partners. These contracts were signed following the approval accorded by the Cabinet Committee on Security earlier this month.

The induction of C-295MW will be a significant step towards modernisation of the transport fleet of the Indian Air Force (IAF). It is a transport aircraft of 5-10 tonne capacity with contemporary technology that will replace the ageing Avro transport aircraft of IAF.

The project will provide a major boost to the ‘Atmanirbhar Bharat Abhiyan’ of the Government that offers a unique opportunity for the Indian private sector to enter into technology intensive and highly competitive aviation industry.

Out of 56, forty aircraft will be manufactured in India by TATA Consortium. All the deliveries will be completed within ten years of signing of the contract. All 56 aircraft will be installed with indigenous Electronic Warfare Suite. After completion of the delivery, the subsequent aircraft manufactured in India can be exported to countries which are cleared by the Government of India.

The program will also involve development of specialised infrastructure in the form of hangars, buildings, aprons and taxiway, making it a unique initiative of the Government to strengthen the indigenous capabilities and boost ‘Make in India’.

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