The Indian Air Force (IAF) and the Hindustan Aeronautics Limited (HAL) on Thursday concluded a ₹6,800 crore contract for 70 HTT-40 indigenous Basic Trainer Aircraft (BTA). In all, 451 Memoranda of Understanding (MoU), Transfer of Technology (ToT) agreements and product launches took place during the Bandhan ceremony at the 12th DefExpo.
“Of the 451, there were 345 MoUs, 42 major announcements, 46 product launches and 18 ToTs. The contribution of Gujarat was 28 MoUs and one product launch. It envisages investment worth ₹1.5 lakh crore,” the Defence Ministry said in a statement.