gfiles magazine

March 9, 2012

Arming the future

procurement deba r mohanty
Arming the future
India’s defence procurement process needs further tuning as it has been unable to address some core concerns of the industry and vendors
hAT India has been, still continues and likely to be one of the world’s largest arms importers is to state the obvious. Notwithstanding a sizeable defence science technology and industrial (DSTI) base, resource allocations for defence equipment purchases have witnessed a spectacular growth in the last decade and if projections are to be believed, such allocations could cost between $150 billion at the minimum and touch or cross $200 billion in the next 10 years. Although India’s budgetary allocations for national defence, especially in capital expenditure spheres, stands much lower in comparison to countries like the US or China, two primary factors – the ongoing long-term military modernisation programme that necessitates equipping a formidable...readmore

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