Indian Airforce aircraft contract: HAL, TATA, Mahindra in race for project worth Rs 1 lakh crore
The Ministry of Defence has floated a tender worth Rs 1 lakh crore for buying 60 multirole transport aircraft for the Indian Air Force (IAF). Big names: Tata, Mahindra, and government-owned Hindustan Aeronautics Limited (HAL) are in the race for the contract.
According to updates from the Economic Times, Mahindra Defence has tied up with Embraer of Brazil to offer its C-390 transport plane, while Tata is going with Lockheed Martin to offer their C-130 plane.
These aircraft will be built in India through joint ventures between Indian companies and the original equipment manufacturer, HAL. Under the prorgam around 20 percent of the planes will join the IAF in fly-away condition, while the rest will be manufactured in India with over 60 per cent indigenous content.
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