Ratan Tata reacts to Indian Air Force's Rs 22,000 crore deal for Airbus C-295 aircraft getting inked...

India inked a Rs 20,000 crore contract with Airbus to procure 56 C-295 transport aircraft for the IAF. The Cabinet Committee on Security, headed by PM Modi, cleared the purchase a fortnight ago. Under the agreement, Airbus will deliver the first 16 aircraft in 'fly-away' condition from its final assembly line in Seville, Spain. The subsequent 40 aircraft will be manufactured and assembled by Tata Advanced Systems (TASL) in India. The chairman of Tata Trusts, Ratan Tata, congratulated Airbus Defence, Tata Advanced Systems Limited and the Defence Ministry on the inking of the contract. Watch the full video for more.