india clears defence procurement worth 35 bn
Last Updated : GMT 20:41:34
Arab Today, arab today
Arab Today, arab today

India clears defence procurement worth $3.5 bn

Arab Today, arab today

Arab Today, arab today India clears defence procurement worth $3.5 bn

An Indian Army soldier poses with a bazooka
New Delhi - AFP

India's new Hindu nationalist government cleared Saturday proposals worth nearly $3.5 billion to modernise the nation's ageing Soviet-era military hardware and boost its domestic defence industry, a report said.
The move underscored the desire of the government led by Prime Minister Narendra Modi to move quickly to update the country's military as India looks to defend itself against an increasingly assertive China and from rival Pakistan.
The government earlier this month announced a 12 percent rise in military spending in the annual budget as part of efforts to overhaul its armed forces, declaring "there can be no compromise" with defence.
The Defence Acquisition Council on Saturday approved defence procurement proposals worth 210 billion rupees ($3.48 billion), many of which were longstanding, at a meeting chaired by Defence Minister Arun Jaitley, the Press Trust of India said.
"There are many proposals in the pipeline for the defence forces," Jaitley said at the  first council's first meeting since the Bharatiya Janata Party government took office in May after scoring a landslide election victory.
"Today, we have tried to expedite quite a few of them," Jaitley, who is also the finance minister, was quoted by the PTI as saying.
Defence ministry officials were not immediately available for comment.
India is one of the world's biggest arms importers, traditionally relying on Russia and in more recent years the United States for equipment and technology due to weaknesses with its own industry.
But slow procurement over decades and the collapse of a string of defence deals during the previous centre-left Congress party government's rule has left the military short of key equipment.
The BJP has been pushing for greater indigenisation of the military industry as India imports around 70 percent of its defence hardware.
Among the major proposals to receive approval was a 90-billion-rupee tender to provide five fleet support ships for the navy that would be open to all public and private sector shipyards, PTI said citing defence ministry officials.
In his first budget, Jaitley hiked defence spending for the current financial year to 2.29 trillion rupees ($38.3 billion). He also said he would further open up the military industry to foreign investment, lifting the cap to 49 percent from 26 percent, with Indian companies retaining overall control.
But defence analysts said the new limit would fail to lure foreign firms because it was less than 50 percent and they feared losing rights to sensitive technology.
Western nations are wooing India's government in hopes of clinching multi-billion arms deals while New Delhi is keen to leverage their eagerness to do business to win technology transfers.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

india clears defence procurement worth 35 bn india clears defence procurement worth 35 bn

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

india clears defence procurement worth 35 bn india clears defence procurement worth 35 bn

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Visit Jamaica for more than just sun

GMT 09:45 2017 Tuesday ,21 November

Visit Jamaica for more than just sun
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today UN warns of conflict in Gaza

GMT 08:39 2017 Tuesday ,21 November

UN warns of conflict in Gaza
Arab Today, arab today Missouri problem mirrors woes

GMT 06:46 2017 Tuesday ,21 November

Missouri problem mirrors woes
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today VW says will invest over 34bn euros

GMT 07:19 2017 Tuesday ,21 November

VW says will invest over 34bn euros
Arab Today, arab today Driverless, electric future just round

GMT 02:45 2017 Monday ,20 November

Driverless, electric future just round
Arab Today, arab today Fedra happy for “Between Two Worlds” success

GMT 09:23 2017 Saturday ,18 November

Fedra happy for “Between Two Worlds” success
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 12:15 2017 Friday ,17 November

Mona Abdel Ghany increased artistic activities

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 00:54 2017 Monday ,20 November

Mideast in danger as London explores

GMT 03:12 2017 Saturday ,18 November

Prince's vision spurs new Cornwall village

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday