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Monday, September 26, 2011

Rs 3L cr plan to boost India's naval might

INS DeepakJostling for the same strategic space with China in the Indian Ocean and beyond, with the oil exploration stand-off in South China Sea being just the latest indicator, India is slowly but surely building a Navy for the future.

A powerful three-dimensional Navy, which can protect India's geo-strategic interests stretching from Hormuz Strait to Malacca Strait, will not come cheap. Neither will it be built overnight.

Calculations show ongoing warship, submarine and maritime aircraft acquisition programmes as well as some concrete projects in the pipeline will together cost well upwards of Rs 300,000 crore.

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