In Time For Election, Gujarat Lands Another Big Project - Military Planes
NDTV
The new project, with the promise of thousands of jobs, comes just as Gujarat gets ready to vote for its next government.
Gujarat has landed a huge new deal - Tata and Airbus will manufacture transport planes for the military in Prime Minister Narendra Modi's home state. The cost of the project is a walloping Rs 22,000 crore, or 2.66 billion dollars.
"This is the first project of its kind in which a military aircraft will be manufactured in India by a private company. The total cost of the project is Rs 21,935 crore. The aircraft can be used for civilian purposes as well," said Defence Secretary Dr Ajay Kumar.
The manufacturing plant will be inaugurated by the PM at Vadodara on Sunday. The new project, with the promise of thousands of jobs, comes just as Gujarat gets ready to vote for its next government.
In September, Gujarat bested Maharashtra to secure a 19.5-billion-dollar investment that will see chips (semiconductors) being produced by a joint venture of Vedanta Ltd and Taiwan's Foxconn. Their plants will be set up near Ahmedabad with considerable subsidies on electricity and other incentives provided from the state and is expected to create over 100,000 jobs.
