''The approval for procuring the advanced medium range maritime reconnaissance (MRMR) aircraft was granted by the Defence Acquisition Council (DAC) on Friday, Ministry officials said.
The nine MRMR planes will be in addition to the 12 American-origin P-8I long-range (LRMR) aircraft already being acquired by Navy at a USD 3.1 billion price tag. ''
And C295 is in the race.
1.5 decade ago IN asked for MMPA to replace il38, but UPA choose P8, and IN replace Tu142M. Once UPA selected C295 decade ago, IN starts considering C295 MMPA, Since nothing happening with C295 deal, Navy again asked for MRMR. Except range & endurance, C295 MMPA similar to P8. Compare C295 MRMRA with P3 & Il38. Now IN considering armed drones [air/sea/underwater attack & surveillance drones].
I'm unable to find any old links, but one from wiki.