The acquisition, which has been under consideration since 2010, is expected to be worth an estimated USD 3 billion and will involve the discharge of offset obligations in India. It was approved by the ministry's Defence Acquisitions Council (DAC) in 2015.
The post India clears USD 3 billion 56 Airbus C-295 buy40 of the transport aircraft will be built in India by an Airbus-Tata partnership first appeared on StratPost.