Tata-Airbus set to sign Rs 22,000-cr deal to make military plane
The biggest military order placed on the private sector – a deal to manufacture new transport aircraft for the air force – is set to be signed on Thursday, with the location for the manufacturing plant now being finalised. The Rs 22,000-crore deal is part of a series of initiatives to promote the private sector in defence manufacturing.
Sources said that the deal with Tata – Airbus is likely to be signed on Thursday, two weeks after it was given a go ahead by the Cabinet Committee on Security. The signing is likely to include top officials from Tata and Airbus besides the ministry of defence.
