India seals $3bn deal with Airbus for 56 military transports

Tata to build 40 planes locally; New Delhi to receive 16 finished aircraft

KIRAN SHARMA, Nikkei staff writer

NEW DELHI -- The Indian government on Friday signed a deal worth about $3 billion with Europe's Airbus for 56 C295 transport aircraft to replace the Indian Air Force's aging fleet of Avro transport planes.

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