Indian Navy plans at risk
Lack of resources could hold programme back.
Indian Navy’s modernization plans in jeopardy
NEW DELHI — The Indian Navy is unlikely to meet its long-term plan of infusing modern technologies due to a resource crunch and delays in project execution, according to a Navy official and defense analysts here.
“Indian Navy’s 15-year plan will require a funding support of around $123 billion,” an Indian Navy official said. “This means an annual capital allocation around $8.5 billion as against this year[‘s] allocation of only $3 billion, 95 percent of which is already committed (for past contracts), leaving only $153 million for new programs.
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Source: defensenews.com
