India intends to use for the purchase of modern weapons around 1.5 trillion rupees (223 billion dollars) over the next decade. The list of purchases are fighters, helicopters, submarines, reported on Wednesday NDTV.
“The weapon systems will include 500 helicopters, 12 submarines, nearly 100 single engine fighter jets and over 120 twin engine fighter aircraft and aircraft carrier,” said the source of the television by the Ministry of Defence.
Defense Minister Manohar Parikar instructed his team to develop a project for the value of the modernization of the national armed forces. This plan will complement the medium-term roadmap for modernization of the Armed Forces for the period until 2027.
According to the television, the growth of costs for upgrading armaments will be about 8% a year. “On an average, we see a growth between 5 to 9% annually, a projected growth of 8% is a realistic figure to work with,” said the source, adding that in the current financial year ending in March 2017, the Ministry will spend on purchases about 12.7 billion dollars.
The Ministry of Defense wants the new purchases to be made under the program”Made in India”.