InvestorQ : Can you tell me about the project inaugurated by the PM in Gujarat?
Anamika Sodhani made post

Can you tell me about the project inaugurated by the PM in Gujarat?

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Angel dcosta answered.
4 weeks ago
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Prime Minister Modi laid the foundation stone and inaugurated the prestigious manufacturing facility for the manufacture of C-295 aircraft for the Indian Air Force. Gujarat had recently won this bid over Maharashtra and this will be a joint venture between the Tata group and Airbus, the European aerospace consortium. In India, public sector HAL is the only manufacturer of aircraft and this will be the first private company into aircraft manufacture. The deal is to supply 56 C-295 aircraft to the IAF, after which it can sell to private airlines and also export the aircraft. Overall it is a $2.7 billion deal.

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