Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Airbus and Tata advance defense manufacturing in India with C295 aircraft

EditorAmbhini Aishwarya
Published 11/27/2023, 02:12 AM
Updated 11/27/2023, 02:12 AM
© Reuters.

Airbus S.A.S. is deepening its cooperation with Tata Advanced Systems, a move set to enhance India's defense manufacturing capabilities. Jorge Tamarit-Degenhardt, who leads the C295 program at Airbus, is steering this initiative that aims to bolster India's defense supply chain and introduce specialized new products.

The partnership's current focus is the C295 military transport aircraft. A significant step forward in this collaboration will be the establishment of a final assembly line in Vadodara, which is expected to be operational by November 2024. This facility will concentrate on producing the C295 aircraft, with a particular emphasis on developing electric harness technology.

This expansion builds on an existing agreement from 2021 when the Indian Air Force committed ₹21,395 crore (INR100 crore = approx. USD12 million) for the acquisition of 56 C295 aircraft to replace their aging fleet. The deal includes the delivery of an Indian-manufactured unit by 2026, with component production already in progress at Airbus's Hyderabad facility.

The efforts align with India's national defense strategies, which include indigenization lists, the Defence Acquisition Procedure 2020, and the development of defense industrial corridors. These strategic moves are designed not only to upgrade India's military assets but also to strengthen its position as a key player in defense technology manufacturing.

In tandem with Airbus's initiatives, Embraer is also considering setting up manufacturing operations within India, signaling a broader interest and confidence in the country’s potential as a hub for defense production.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.