Skip to main content

Indian Navy to ask Centre for 18 percent of Defence Budget


The Indian Navy on Tuesday said it will request the government for a higher budget and is aiming at increasing its share of the defence budget to 18%, in light of major acquisitions, including advanced submarines and fighter aircraft.

Navy Vice Chief Vice Admiral G Ashok Kumar said for the current financial year, the Navy’s share of the defence budget is 13.66%. He said the Navy will ask the government for additional funds during the revised estimates later this year.

“We will certainly seek more money. One of the challenges is meeting our aspirations. Our endeavour is to ask for a higher share of the capital budget within the defence services budget, which has also dropped in the last seven years. The navy’s share was about 18% of the defence budget in 2012-13,” said Kumar.

The current state of navy’s budget comes in the backdrop of three major acquisitions.

On September 28,defence minister Rajnath Singh will be in Mumbai to commission the second Scorpene-class submarine, ‘Khanderi’, of the Project 75 into the navy, besides launching ‘Nilgiri’, the first frigate of the Project 17A class and inaugurating an aircraft carrier dry dock, which can accommodate navy’s sole carrier, INS Vikramaditya, for repair and servicing. The cost of the three projects is about Rs 74,320 crore.

Officials said the six P75 submarines cost about Rs 25,000 crore while the Project 17A comprising seven ships are worth about Rs 48,000 crore and the dry dock located at the naval dockyard in Mumbai is Rs 1,320 crore.

Source Link : http://www.defencenews.in/article/Indian-Navy-to-ask-Centre-for-18-percent-of-Defence-Budget-647014

Comments

Post a Comment

Popular posts from this blog

Explained: What is Army Aviation Corps, the youngest Corps of the Indian Army

A look at the Army Aviation Corps’ history and its relevance in modern day battlefields, including in Counter Insurgency and Counter Terrorism (CI-CT) operations. Representative Image The Army Aviation Corps (AAC), the youngest Corps of the Indian Army, celebrated its 35th Corps Day on November 1. We take a look at the arm that adds an air dimension to the Army’s capabilities, its history, and its relevance in modern day battlefields, including Counter Insurgency and Counter Terrorism (CI-CT) operations. The roots of Army Aviation Corps The origin of the AAC can be traced back to the raising of the Army Aviation wing of the Royal Air Force in India in 1942, and the subsequent formation of the first Indian Air Observation Post in August 1947. The Air Observation Post units primarily acted as artillery spotters – which are the elements that help the artillery in directing the fire and also giving air support to ground forces. In the wars of 1965 and 1971, the Air Observation Post helicop...
Post a Comment
Read more

India's S-400, Nuke Subs, Rafales pose a serious threat to Pak - FM Qureshi

India’s purchase of Russian S-400 air defence systems, via a deal signed last year and worth $5.43 billion, has unnerved Pakistan, with Foreign Minister Shah Mohammed Qureshi describing the S-400s as destabilising weapon systems which could affect the region's strategic stability. Delivery of the first S-400 system is likely to take place in 2020. Expressing his apprehension about the arms purchase by India, Pakistani Foreign Minister Shah Mohammed Qureshi has called on global powers to be "mindful" of their responsibility in terms of arms supplies to the region. "The introduction of new destabilising weapon systems, such as the S-400 anti-ballistic missile system, could further accentuate challenges to strategic stability. They can encourage a misadventure by an adversary, under a false sense of security," FM Shah Mohammed Qureshi said on Wednesday in Islamabad. Last October, India inked a $5.43 billion defence contract with Russia to purchase of five S-400 air...
Post a Comment
Read more

Explained: India-US defence deals - BECA, LEMOA & COMCASA

At 2+2 meeting next week, the two countries will look to push intelligence sharing pact BECA . With key deals LEMOA and COMCASA already signed, what does it mean for defence, particularly in light of LAC standoff? India and US have signed the LEMOA in 2016, COMCASA in 2018 and BECA is scheduled for the third 2+2 ministerial meeting (on November 3rd) India and the US are preparing for the third 2+2 ministerial meeting between External Affairs Minister S Jaishankar and Defence Minister Rajnath Singh , and US Secretary of State Michael Pompeo and Defense Secretary Mark T Esper in New Delhi on October 26-27. Deputy Secretary of State Stephen E Biegun visited India last week to lay the groundwork for the high-level visits 2+2 in 2018. One of the items on the agenda will be the Basic Exchange and Cooperation Agreement (BECA) — a pact with deep military implications. In the last two meetings, agreements known as LEMOA and COMCASA were signed; now, with BECA, these have been dubbed the ...
Post a Comment
Read more