21 April 2017

News Story: Indian Navy's modernization plans in jeopardy

By: Vivek Raghuvanshi

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. 

"So there is no way that the Indian Navy can meet the challenges." 

The concern comes at a time when China is increasing its deployment of warships, submarines and an aircraft carrier in the Indian Ocean region. 

Read the full story at DefenseNews