Wednesday 7 December 2022
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EconomyGujarat gets Rs 22,000 crore business of Tata-Airbus aeroplane manufacturing project

Gujarat gets Rs 22,000 crore business of Tata-Airbus aeroplane manufacturing project

One of the most business-friendly states in the country, Gujarat gets a huge new deal: Tata and Airbus will manufacture planes for the military in Prime Minister Narendra Modi's home state. The cost of the project is a whopping Rs 22,000 crore. "This is the first project of its kind in which a military aircraft will be manufactured in India by a private company. The total cost of the project is Rs 21,935 crore. The aircraft can be used for civilian purposes as well," said Defence Secretary Ajay Kumar.

The prime minister will inaugurate tbe manufacturing plant in Vadodara on 30 October. The new project is expected to generate thousands of jobs which comes at a politically opportune moment for the BJP before the assembly of Gujarat, a state where people are not suffer from the socialistic obsession with government jobs.

Last month, Gujarat had beaten Maharashtra to secure a $ 19.5-billion investment that will see chips (semiconductors) being produced by a joint venture of Vedanta Ltd and Taiwan's Foxconn. Their plants will be set up near Ahmedabad with considerable subsidies on electricity and other incentives provided from the state and is expected to create over 1 lakh jobs.

The Tata-Airbus manufacturing unit is a significant gain for the prime minister's 'Make-In-India' campaign to reduce the country's dependence on buying from aboard military technology and equipment.

The union government last month approved the purchase of 56 aircraft from Airbus. "As part of the contract, 16 aircraft will be delivered in flyaway condition and 40 will be manufactured in India," said the Defence Secretary today. "This is the first project of its kind in which a military aircraft will be manufactured in India by a private company," he said.

An official statement said the first 16 fly-away or ready-to-operate aircraft were scheduled to be received between September 2023 and August 2025. The first Gujarat-made aircraft is expected in September 2026.

The new C-295 plane will "replace the ageing Avro aircraft of the Indian Air Force," the government said. "It has a rear ramp door for quick reaction and para dropping of troops and cargo. Short take-off/land from semi-prepared surfaces is another of its features. The aircraft will strengthen the logistic capabilities of the IAF," the statement said.

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