India to spend $200 bn on defence systems by 2022
INDO ASIAN NEWS SERVICE
New Delhi, Feb 14: India is set to spend a whopping US$ 200 billion on defence acquisitions over the next 12 years to replace its outdated Soviet-vintage inventory.
According to a study by the India Strategic defence magazine, nearly half of this funding, or $ 100 billion, will go to the Indian Air Force (IAF) which would need to replace more than half of its combat jet fleet as well as the entire transport aircraft and helicopter fleet.
The army needs new guns, tanks, rocket launchers, multi-terrain vehicles while the navy needs ships, aircraft carriers, an entire new range of submarines including nuclear-propelled and nuclear-armed.
The army has the largest requirement of helicopters while the navy needs both combat jets, helicopters, and a fleet of nearly 100 carrier-borne combat jets.
The details of the study will be published in March but according to a brief report in India Strategic's DefExpo show daily being published Monday, it is not that India has military ambitions but just that more than 70 percent of the inventory of the Indian Armed Forces is 20-plus years old, and needs to be replaced as well as augmented with the sophistication of modern technology.
There have been few defence deals after the allegations over the acquisition of Bofors in the 1980s, and Russia, which inherited the Soviet military infrastructure, is unable to meet all the requirements.
According to official Russian reports, only 10 percent of the Russian weapons could be described as modern.
All the three services as well as the Coast Guard and paramilitary organisations also need satellites and net centricity.
Lastupdate on : Sun, 14 Feb 2010 21:30:00 Makkah time
Lastupdate on : Sun, 14 Feb 2010 18:30:00 GMT
Lastupdate on : Mon, 15 Feb 2010 00:00:00 IST
- MORE FROM NEWS
- GMC Srinagar barred from conducting DNB course
- Forest Policy on net to seek expert opinion: Altaf
- Pak govt to provide security to foreigners working in PaK
- Drainage absence causes water logging
- Police crackdown on youth, 18 held
- Vailoo-Chatru tunnel will shorten distance between Sgr-Jmu: Saroori
- Couple among 3 killed, 15 hurt in mishaps
- Revoke AFSPA, reduce troops in JK: Mehbooba to GoI
- People should isolate divisive forces: Rana
- EJAC (Q) supports local bodies’ sit-in
- Chib inspects SMHS, SKIMS
- Sagar asks all shades of opinion to join for K-resolution
- PDP to protest essentials scarcity
- Observe strike on Feb 16, 17: JKCC to employees
- Ministers offer condolence to Ch. Ramzan
- 15 Telangana region MLAs resign
- India to spend $200 bn on defence systems by 2022
- Hindu, Muslims to celebrate Prophet's birth anniversary
ERA rejects draft, seeks corrections
GK CITY CORRESPONDENT
Srinagar, Feb 14: The preliminary draft designed for the construction of prestigious Jehangir Chowk-Natipora flyover – has been returned to project executing company for review following “major mistakes More
GK NEWS NETWORK
Jammu, Feb 14: The Peoples Democratic Party has condemned the bomb blast at Pune. In a statement, PDP Patron Mufti Muhammad Sayeed and President Ms Mehbooba Mufti have strongly condemned the More
Srinagar, Feb 14: The National Board of Examination has debarred the Government Medical College Srinagar for conducting DNB course in Radio Diagnosis and Microbiology.A letter was shot by NBE to GMC Srinagar More
- GK Business
PRESS TRUST OF INDIA
New Delhi, Feb 14: Facing opposition from key allies in the UPA Government, Finance Minister Pranab Mukherjee and Oil Minister Murli Deora today discussed an "all-acceptable" hike in fuel prices but it More