Progress in MTA development

(Model of MTA at the DefExpo early this year)

On the joint development of Multi-Role Transport Aircraft (MTA). This is what the Defence Ministry has to say -

"The review of the Multi-role Transport Aircraft (MTA) programme by the Government is an ongoing process. After signing of the Inter-Governmental Agreement in November, 2007 for Design, Development and Production of MTA, Government's approval was conveyed for signing the Share Holders Agreement between HAL and Russian partners on 30th August, 2010. The same was signed on 9th September, 2010. The Memorandum of Association and Articles of Association was signed on 25th November, 2010. For implementing the "" 'programme a Joint Venture company has been incorporated between Indian and Russian partners on 50:50 funding basis in December, 2010. The investment for the programme has been worked out to be 771m USD at 2012 Price Level. The CEO of the joint venture has also since been appointed for implementation of the programme."