MoD’s $223-bn plan for purchase of fighter jets, submarines, warships

[mkb95]

In a major shift to ramp up military readiness, the Indian Ministry of Defence (MoD) has prepared an ambitious plan to spend some $233 billion over the next 11 years on buying or producing new equipment, including warships, fighter jets, submarines, aircraft carriers and some 500 helicopters.



The sum of $223 billion dollars translates into some Rs 15,00,000 crore (Rs 15 lakh crore) and is projected as part of the financial requirements for the long-term integrated perspective Plan (LTIPP) for the period 2012-2027.

The MoD seeks an annual 8 per cent hike in existing capital spending that allocated in each year’s budget for new military equipment meant for the Army, Navy and the Indian Air Force (IAF).


Under the ambitious plan, the MoD has set a target, including induction of an additional 170 fighter jets for the IAF, 12 additional submarines, 500 various types of helicopters, additional artillery guns and tanks for the Indian Army and another indigenous sea-borne aircraft carrier.


Though the plan looks very big, the MoD seeks a gradual and assured hike. The capital spending for the present fiscal ending March 31, 2017 is Rs 86,340 crore (approx $12.69 billion). The entire planned hike for the next 11 years will average out to an annual spend of $20.27 billion.


The move comes after Defence Minister Manohar Parrikar asked the Ministry to layout the financial cost of the military equipment acquisition planned and bring it ‘within sync’ of the existing average hikes possible in the Union Budget. “An annual hike of 8 per cent for capital spending is within sync of the anticipated hikes that for now vary on a year-to-year basis,” sources said.


The LTIPP lists out the equipment that is needed but it did not have the detailed cost of each thing. LTIPP already has a Technology Perspective Capability Road Map (TPCRM) to enable the DRDO, Defence Public Sector Unit and the private industry to plan their research and development.


The LTIPP lays down the expected contingencies of the services and what would be the response. It lists capabilities and expected time frames. Further how these options would be achieved whether by indigenous development or by procurement from aboard.


In the case of targets form copters, submarines, fighter jets, warships and aircraft carrier, the plan is ‘Make in India’. Various joint ventures are being encouraged with foreign manufacturers.


The MoD has also laid down a plan to cut on unnecessary expenditure by clubbing together procurement of three services to prevent duplication of efforts and wasteful expenses.
source- http://www.tribuneindia.com/news/na...-fighter-jets-submarines-warships/284378.html

 

[NKVD]

Ministry of defense Already Spends about 50 billion+ $ in Deals this year what next

 

[New Resolve]

 

[ni8mare]

 

[New Resolve]

 

[Ankit Kumar 002]

That's a mere 20 billion USD per year....

We have worlds 2nd largest Security forces and it needs worlds 2nd largest defence budget to work properly, if not then down size ! Bring it to a level of nation which spend only 20 billion USD.

 

[Aero]

Well if half of procurement money go towards our own products then it will an achievement itself.
MoD should push private sector to involve itself more in defence production and development.

(OffTopic )

You don't have to comment.

 

[New Resolve]

You don't have to comment.

true, although I cant help but notice that a country which could not seal a MMRCA deal for a fraction of the so called $225 billion even after a decade is now somehow going to ........................ ok i wont comment any further

 

[Aero]

true, although I cant help but notice that a country which could not seal a MMRCA deal for a fraction of the so called $225 billion even after a decade is now somehow going to ........................ ok i wont comment any further

If you have the money you don't need to throw it away. Our country didn't procure Rafale due to Red tapism and cost escalation.
It no way meant that India couldn't procure or don't have money for that.

 

[Hassan Guy]

Where will they get the cash? IRS tax scams?

 

[New Resolve]

If you have the money you don't need to throw it away. Our country didn't procure Rafale due to Red tapism and cost escalation.
It no way meant that India couldn't procure or don't have money for that.

So you didnt know what they cost when they won the tender? thats even more worrying.

 

[proud indian94]

This amount is equal to the total gdp of some of our friendly neighbouring countries.

 

[NKVD]

true, although I cant help but notice that a country which could not seal a MMRCA deal for a fraction of the so called $225 billion even after a decade is now somehow going to ........................ ok i wont comment any further

Child Mod alone spend over 50 billion $ + on deal this year if blind to see what i posted

 

[Aero]

So you didn't know what they cost when they won the tender? thats even more worrying.

Cost escalation means rise in cost, not cost , It went to nearly 30 $ billion from initial estimate of ~10-15 $
billion.

Child Mod alone spend over 50 billion $ + on deal this year if blind to see what i posted

View attachment 328313

They approved i don't think they buy everything this year. This pay per lot we will buy.

Even US will buy F-35 worth more than $ 400 billion but they will but in lots of 40-60 planes per year not like all in a year.

>> He is just trolling nothing else, so will not listen whatever you say or proof you present.

 

[Menace2Society]

Bought the Rafaels yet? Stop bsing and feed your starving first supapowa.