India Likely to Finalise USD 2.5 Billion Deal to Procure 56 Transport Aircraft for IAF

India is likely to finalise in the next few months a mega deal to procure 56 transport aircraft for the Indian Air Force at a cost of USD 2.5 billion, official sources said on Tuesday.

The project will be implemented by aerospace giant Airbus along with an Indian entity as it will be implemented under the broad framework of the Make in India initiative in the defence sector, they said. Read More…

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