Brahmand NewsPrevious Article
Brahmand NewsNext Article

Indian Armed Forces spent just over Rs 7000 cr till July, says Govt

A file photo.

NEW DELHI (PTI): Of the Rs 43799 crores allocated to the defence forces for acquisition of weapon systems, only Rs 7550 crores has been spent by the three services till July 31, the Lok Sabha was informed on Monday.

The Air Force has been given the highest allocation of Rs 23482.43 crores of which Rs 4062 crores has been spent, Defence Minister AK Antony said in reply to a query.

A number of big ticket deals including contracts for 12 VVIP helicopters, six C-130 J Hercules aircraft have been signed by the force.

Indian armed forces are undergoing large-scale modernisation and are expected to spend over USD 80 billion in the next decade for making purchases of weapon systems and defence equipment.

After not being able to utilise the procurement funds in last three-four years, the Defence Ministry overspent by four per cent in the last fiscal.

In 2009-10, the Ministry was allocated Rs 40367.72 crores for capital acquisitions but later on the figure was revised to Rs 35146.88 crores.

However, at the end of the last fiscal, it had spent Rs 38427 crores.


Army  India  budget  

Other Related News

PM Modi calls on global defence majors to make India hub for global supplies

Prime Minister Narendra Modi has called on global defence majors to manufacture military hardware and platforms in India for the world as he laid the foundation stone on Sunday for production of European C-295 military transport aircraft.

BRAHMOS Missile Systems


Brahmand World Defence Update 2022

Brahmand World Defence Update

Image Gallery