India

Indian armed forces' weapons procurement plans on hold as cuts in defence budget expected

CNN-IBN | Posted on Feb 01, 2013 at 11:31am IST

Sponsored link: Donate Now. Save Lives

New Delhi: The armed forces may have to trim some of their ambitious weapons procurement plans after indications that the defence budget could be cut by around four to five per cent if not more, as part of Finance Minister P Chidambaram's plans to lower the deficit.

This could delay the Indian Air Force's plans to buy the Rafale fighter jets or the Army's plans to buy light artillery for use in the hills.

The Navy's procurement could also take a hit although they have done far better than the other services in terms of indigenising procurement of ships and systems.

Indian armed forces\' plans on hold ahead of defence budget

There are indications that the defence budget could be cut by around four to five per cent if not more, as part of Finance Minister\'s plans to lower the deficit.

(For updates you can share with your friends, follow IBNLive on Facebook, Twitter, Google+ and Pinterest)

Comments (1)

All comments will be published after moderation

Others

Indian Army

Posted on May 14, 2013 at 11:55PM IST
The Indian Army (IA, Devanāgarī: भारतीय थलसेना, Bhāratīya Thalsēnā) is the land based branch and the largest component of the Indian Armed Fo ...

Others

Indian Navy

Posted on May 16, 2013 at 08:29AM IST
The Indian Navy (Devanāgarī: भारतीय नौ सेना, Bhartiya Nāu Senā) is the naval branch of the armed forces of India. It currently has approximately 55,000 ...

Previous story

Talwars' behaviour looked suspicious: Noida ex-SP

Next story

SC directs police not to arrest Ashis Nandy