The Defence ministry has recently signed a Rs ₹20,000-crore deal with Airbus Defence and Space of Spain to procure 56 C-295 medium transport aircraft.
Under the agreement, at least 16 aircraft will be delivered in a flyaway condition by the Airbus Defence and Space within 48 months.
The remaining 40 planes will be manufactured in India by a consortium of the Airbus Defence and Space and Tata Advanced Systems Limited (TASL) within 10 years.
