₹90,048 crores allocated for defence modernisation in 2020-21

defence-modernization

The government has allocated ₹90,048 crores for capital acquisition (modernization) of the armed forces under Defence Service Estimates in 2020-21, an increase of over ₹9,000 crores from last year’s allocations. The total amount allocated for modernisation, from procurement of new equipment to upgrading of existing equipment and systems is 27.87% of the Defence Services Estimates.

As per a written reply by Shripad Naik, Minister of State (MoS) Defence, the modernization projects are being progressed as per approved capital acquisition plan and in terms of the extant defence procurement procedure.

Naik was responding to Rajya Sabha MPs P Bhattacharya and Vijay Pal Singh Tomar on Monday.