Yet an another deal signed by India
BANGALORE (AFP) India's state-owned military-plane maker Hindustan Aeronautics Ltd., or HAL, said Thursday that a joint venture to develop a multi- role transport aircraft has reached the takeoff point.
HAL is partnering Russia's Ilyushin Design Bureau in the $600 million project, to which the two companies will contribute equally, HAL Chairman Ashok Baweja told a news conference here.
"The funding is ready and the program is now on," Baweja said of talks which dragged on since first conceived in the first half of this decade.
The 60-ton tactical transport aircraft, meant to serve the armed forces of the two countries, would take six to seven years to develop, with the components coming from Ilyushin production facilities in Russia, Baweja said.
To be used both for transport duties and troop deployment, the aircraft is meant to replace the Indian Air Force's aging Antonov-32s.
HAL is partnering Russia's Ilyushin Design Bureau in the $600 million project, to which the two companies will contribute equally, HAL Chairman Ashok Baweja told a news conference here.
"The funding is ready and the program is now on," Baweja said of talks which dragged on since first conceived in the first half of this decade.
The 60-ton tactical transport aircraft, meant to serve the armed forces of the two countries, would take six to seven years to develop, with the components coming from Ilyushin production facilities in Russia, Baweja said.
To be used both for transport duties and troop deployment, the aircraft is meant to replace the Indian Air Force's aging Antonov-32s.
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