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Monday, February 15, 2010

India to spend $200 bn on defence systems by 2022

P-8 PoseidonIndia is set to spend a whopping $200 billion on defence acquisitions over the next 12 years to replace its outdated Soviet-vintage
inventory.

According to a study by the India Strategic defence magazine, nearly half of this funding, or $100 billion, will go to the Indian Air Force (IAF) which would need to replace more than half of its combat jet fleet as well as the entire transport aircraft and helicopter fleet.

The Army needs new guns, tanks, rocket launchers, multi-terrain vehicles while the Navy needs ships, aircraft carriers, an entire new range of submarines including nuclear-propelled and nuclear-armed.

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