Cabinet Committee on Security has approved the procurement of fifty-six C-295MW transport aircraft from M/s Airbus Defence and Space S.A., Spain for the IAF. C-295MW is a transport aircraft of 5-10 Tonne capacity with contemporary technology that will replace the ageing Avro aircraft of IAF. Sixteen aircraft will be delivered in flyaway condition from Spain within 48 months of signing of the contract and 40 aircraft will be manufactured in India by TATA Consortium within ten years of signing the contract. This is the first project of its kind in which a military aircraft will be manufactured in India by a private company. All 56 aircraft will be installed with indigenous Electronic Warfare Suite. The project will give a boost to aerospace ecosystem in India.
MOD APPROVES DELEGATION OF FINANCIAL POWERS TO ARMED FORCES FOR REVENUE PROCUREMENT
Raksha Mantri released the order on Delegation of Financial Powers to Defence Services (DFPDS) 2021, providing enhanced delegation of Revenue Procurement powers to the Armed Forces. The DFPDS 2021 aims to empower field formations; focus on operational preparedness; promote ease of doing business, and enhance jointness among the Services. Last such enhancement at all levels for the Defence Services was done in 2016.