13 November 2012

News Story: Corruption, Bureaucracy Delay $100B India Buy

Dassault Rafale MMRCA

By VIVEK RAGHUVANSHI

NEW DELHI — India plans to spend more than $100 billion on weapons and equipment in the next five to seven years, but if the military wants to prepare for a possible simultaneous conflict with Pakistan and China, that figure will need to rise to about $150 billion, a senior Indian Army official said.

Forces on the borders with Pakistan and China will need to be increased and better equipped, the official added, especially the mountain troops. He declined to say if any plan is being developed to change the type or quantity of weapons and gear being bought.

The top five procurements for India’s services now cost more than $60 billion, a figure anticipated to increase by at least 20 percent, to $72 billion, because of inflation. Other planned purchases could push the spending figure to more than $150 billion in the next seven to 10 years.

Read the full story at DefenseNews