business ✈️ IAF gets big upgrade with ₹1 lakh crore transport tender
The Defence Ministry released a tender worth around ₹1 lakh crore for 60 multirole transport aircraft for the Indian Air Force. This initiative involves multiple Indian companies, including HAL and private sector defense majors, as an Indian-led program. The tender was issued on Wednesday, August 12, 2026, to modernize the aging fleet. Partnerships include Tata with Lockheed Martin and Mahindra Defence with Embraer for various aircraft. These new MTAs will boost long-distance movement capabilities and deepen domestic aerospace manufacturing.