Indian Navy demands 18 percent of defense budget from Center

Indian Navy demands 18 percent of defense budget from Center
Indian Navy demands 18 percent of defense budget from Center

 

Indian Navy demands 18 p.c. of defense budget from Center in the next budget.

The Indian Navy is same on the weekday that it’d request the govt. for the next budget and aims to extend its share of the defense budget to eighteen, together with major acquisitions likewise as advanced submarines and airplane.

Vice-Admiral G. Ashok Kumar, Vice Chief of the Navy same for the present financial year, the Navy’s share of the defense budget is 13.66%. He same the Navy would request extra funds from the govt. throughout the revised estimates later this year.

“We will certainly be trying to find more cash. one amongst the challenges is in fulfilling our aspirations. we have a tendency to attempt to demand a larger share of the capital budget within the defense services budget, that has additionally fallen within the last seven years. The Navy’s share was concerning eighteen of the defense budget in 2012-13, ”Kumar same.

The current state of the Navy’s budget is against the scene of 3 major acquisitions.

On 28 September, Defense Minister Rajnath Singh is in the city to commission Project 75’s second Scorpene-class submarine, ‘Khanderi’, additionally to launching and inaugurating the primary frigate ‘Nilgiri’ of Project 75A. The carrier Dry Dock, which may accommodate the Navy’s solely carrier, INS Vikramaditya, for repair and pairing. the price of all the 3 comes is concerning Rs 74,320 crore.

Officials same the six P75 submarines value around Rs 25,000 crore, whereas the seven ships in Project 17A value around Rs 48,000 large integer and therefore the dry dock at the service waterfront in the city is price Rs 1,320 crore.

Source: Economic Times

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