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'India's defence spending to shoot up'.
: India is going in for major procurement of military hardware and software, as also upgrading its surveillance, defence and strike capabilities, in keeping with its ''expanding'' strategic role as a ''super regional power''.
''Our defence spending will really shoot up this year...there are a number of ambitious programmes on the anvil,'' said outgoing defence secretary Yogendra Narain on Saturday. India will also now use large defence procurements as a leverage in foreign policy, he added.
With the setting up of the Defence Procurement Board and ''fast-track'' procedures, among other defence reforms, Narain said India had embarked on a policy of faster weapon procurements, diversification of weapon suppliers and establishing joint production facilities within the country.
In the coming days, India is going to finalise the deals for the French 'Scorpene' killer submarines, Russian aircraft carrier Admiral Gorshkov, Israeli 'Phalcon' early-warning radars for AWACS (Airborne Warning and Control Systems) and British 'Hawk' AJTs (Advanced Jet Trainers), among other acquistions.
''Fast-track procedures'' have also been used to clear purchases of force-multipliers like UAVs (Unmanned Aerial Vehicles), night-vision equipment, hand-held thermal imagers, counter-IED equipment and thermal image integrated observation systems.
Against Rs 12,000 crore on capital acquisitions in 2000-2001, the ...
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- India's Defence spending may go upto 2.57 per cent of GDP.
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India's Defence spending may go upto 2.57...Though the hike in defence spending would still not be...year. The rise in defence spending, the sources said...countries. Currently, India's defence budget...
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- INDIA REVEALS US$196 BLN MINI-BUDGET, RAISES DEFENCE SPENDING.
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- CHINESE MEDIA TAKES NOTE OF HIKE IN INDIA'S DEFENCE SPENDING.
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- Defence spending hiked.
- News wire article from: PTI - The Press Trust of India Ltd. February 28, 2006 700+ words
Defence spending hiked New Delhi, Feb...hiked up the country's defence spending by 8.94 per cent to...consider increasing the defence spending to 3 per cent of the GDP...armed forces. Though India has recently reopened...
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- Magazine article from: Interavia Business & Technology December 22, 2004 700+ words
...Pacific Rim and Far East defence spending is heading for steady...latest figures for total defence spending in the region. The...projected regional defence spending. China follows with...12.7 percent). India and Australia are next...
- Aussie PM says defence spending needs raise amid terror threats.
- News wire article from: PTI - The Press Trust of India Ltd. July 7, 2007 700+ words
Aussie PM says defence spending needs raise amid terror threats Melbourne, Jul 7 (PTI) As police...terrorism police and intelligence agencies in Britain, Australia and India widened their investigations. "What we both agreed was that it...