TIL Desk/Business/New Delhi- In order to boost its military strength, India will be spending whopping amount of Rs 15 lakh crore on purchase of weapon systems in coming ten years. The Ministry of Defence has prepared a list of weapon systems which includes 500 helicopters, 12 submarines, nearly 100 single engine fighter jets and over 120 twin engine fighter aircraft and aircraft carrier.
In the next financial year, the Defence Ministry is planning to spend approximately Rs. 86,340 crore. The military has drawn a medium-term roadmap called”Long Term Integrated Perspective Planning” for 2012 to 2027. However the military always make such roadmaps, but this time the Defence Ministry has asked a detailed financial projection for modernisation of Army, Navy and Air Force.
Defence Minister Manohar Parrikar has asked his ministry to project the expected cost of modernisation of weapon systems. Parrikar has asked the official of Defence Ministry to work on the expected outflows annually in Defence’s budget over the next decade.
