Defence Reporter

Putting you on the front line

Forces seek Rs 27 lakh crore over next 5 years for defence projects

New Delhi, July 16, 2017: The armed forces have sought an allocation of Rs 26.84 lakh crore ($416 billion) over the next five years to ensure requisite military modernisation and maintenance to take on the collusive threat from Pakistan and China as well as to safeguard India`s expanding geostrategic interests.

Updated:Sunday, July 16, 2017, 22:55

Forces seek Rs 27 lakh crore over next 5 years for defence projectsNew Delhi, July 16, 2017: The armed forces have sought an allocation of Rs 26.84 lakh crore ($416 billion) over the next five years to ensure requisite military modernisation and maintenance to take on the collusive threat from Pakistan and China as well as to safeguard India`s expanding geostrategic interests.

Union defence ministry sources said the 13th consolidated defence five-year plan for 2017-2022, which has been pegged at Rs 26,83,924 crore after extensive consultations with all stakeholders, including the DRDO, was presented at the Unified Commanders` Conference here on July 10-11.

"The armed forces pitched for an early approval to the 13th Plan because their annual acquisition plans are based on it," said a source. These projections for higher defence outlays come at a time when Indian and Chinese troops are locked in a tense but "non-aggressive" face-off near the Sikkim-Bhutan-Tibet tri-junction, while the daily firing duels with Pakistan along the line of control continue to take a toll on both sides.

Source: The Times of India

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