Price negotiations to purchase 62 Airbus Defence and Space C295 medium transport aircraft (MTA) for the Indian Air Force (IAF) and the Indian Coast Guard (ICG) have been concluded between the Defence Ministry and Tata Advanced Systems Limited (TASL), reports Janes.
TASL is a joint venture (JV) with Airbus for the MTA programme, the Contract Negotiation Committee (CNC) of the ministry was involved in the negotiations.
The EUR 2.8 billion ($3.15 billion) deal will deliver 56 C295s for the IAF to replace the ageing fleet of Avro 748M transports, and six for the ICG. The final agreement is expected to be signed after a new Indian government assumes office at the centre.
Under the deal, while 16 C295s will be imported, the remaining 46 aircraft will be assembled at a facility to be set up by the JV near Bangalore. Also as per the 2013 MTA tender, 24 of these will be imported in kit-form for local assembly and contain 30 per cent locally-sourced components. However, the remaining 22 platforms will have 60 per cent components sourced from domestic manufacturers.
Also, the first locally assembled C295 is estimated to be delivered within 60 months of the contract being signed.
Recently the IAF also inducted four Chinook helicopters to its fleet on 25 March. The Chinook helicopter is an advanced multi-mission helicopter that will provide IAF with strategic airlift capability across the full spectrum of combat and humanitarian missions. It can deliver payloads to high altitudes and is reportedly suited for operations in higher Himalayas.
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.