Indian Defence Ministry Allocates ₹1.72 Lakh Crore for Modern Weapon Systems Acquisition
In a bold move to strengthen its military prowess, the Indian government has allocated an impressive ₹1.72 lakh crore specifically for capital acquisition in the defence sector. This substantial allocation forms part of the defence ministry's broader budget of ₹6.22 lakh crore and signals a major step towards modernizing India's armed forces with advanced weapon systems. The investment, heavily focused on bolstering domestic defence industries, promises to enhance the country's defence capabilities while also stimulating economic growth.
The allocated funds are earmarked for the acquisition of a diverse array of state-of-the-art military equipment. This includes fighter aircraft, ships, submarines, drones, and specialized vehicles. Among the key projects are the modernization of the Su-30MKI fighter fleet, the procurement of new engines for the MiG-29 fleet, and the acquisition of C-295 transport aircraft along with LCA Mk1A fighters. These upgrades are not only essential for maintaining operational readiness but also for ensuring that the Indian Air Force remains a formidable force in the region.
Significant deals are on the horizon, with the defence ministry expected to finalize contracts for several high-profile acquisitions this year. These include three additional submarines from Mazagon Dockyards Ltd, 26 Rafale Marine fighters from France, and long-range drones from the United States. Defence Minister Rajnath Singh has expressed his appreciation for this substantial budget allocation, highlighting its potential to positively impact GDP, create employment opportunities, and boost capital formation within the country.
The defence budget also reflects a strong commitment to ongoing flagship schemes. The Agnipath scheme, aimed at transforming the recruitment process for the armed forces, has received a notable increase in funding to ₹5,979 crore. Additionally, the ADITI scheme, which supports innovation in defence technology, has been allocated ₹400 crore to encourage the development of specific defence products. This focus on innovation is crucial for maintaining a technological edge and ensuring that the armed forces are equipped with cutting-edge capabilities.
Border infrastructure development remains a critical priority for the government, with a 30% increase in funding for the Border Roads Organisation (BRO). This increased allocation will support several strategic projects, including the development of the Nyoma airfield in Ladakh, the Shinku La tunnel in Himachal Pradesh, and the Nechiphu tunnel in Arunachal Pradesh. Enhancing border infrastructure is vital for improving logistics and operational efficiency in these challenging terrains.
This comprehensive investment in defence underscores the government's unwavering commitment to modernizing the armed forces and enhancing national security. By prioritizing domestic procurement, the initiative also aims to stimulate the growth of India's indigenous defence industry, contributing to the nation's overall economic development. The significant allocation not only prepares the military for future challenges but also aligns with the broader vision of Atmanirbhar Bharat (Self-Reliant India), promoting self-sufficiency and resilience in the defence sector.
