Tata-Airbus Deal
Tata-Airbus deal to make C-295 aircraft a step towards opening aviation and avionics: Ratan Tata
New Delhi, Sep 24 (UNI): Tata group Chairman emeritus Ratan Tata on Friday said that Tata-Airbus deal to make C-295 aircraft is a great step towards opening up of aviation and avionics projects in India.
"The clearance of the joint project between Airbus Defence and Tata Advanced Systems to build the C-295 is a great step forward in the opening up of aviation and avionics projects in india," Ratan Tata said in a statement.
"The C-295 is a multi-role aircraft with several reconfigurations to meet mission requirements. It envisages total manufacturing of the aircraft in India. It will create a domestic supply chain capability of international standards, which has never been undertaken before," he said.
The comments came after Defence Ministry signed the deal for procuring fifty six C-295 aircraft from Airbus, under which 16 to be procured in fly-away condition, and 40 will be made in India by a consortium of Airbus and Tata.
The deal was cleared by the Cabinet Committee on Security on September 8.
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