Indian government allocates Rs. 90,048 crore for Defence Modernization

An amount of Rs. 90,048 crore has been allocated for Capital Acquisition (Modernization) in BE 2020-21 under Defence Service Estimates which is an increase of   Rs. 9,088.92 crore over BE 2019-20 allocations.

Akash missile. Image credit: Sputnik

The total amount allocated for Capital Acquisition (Modernization) is 27.87% of Defence Services Estimates.

Government is taking measures for modernisation of Armed Forces, through procurement of new equipment and upgrading of existing equipment and systems.  The modernization projects are being progressed as per approved capital acquisition plan and in terms of extant Defence Procurement Procedure.

This information was given by Raksha Rajya Mantri Shri Shripad Naik in a written reply to Shri P Bhattacharya and   Shri Vijay Pal Singh Tomar in Rajya Sabha on Sep 14.

Source: Ministry of Defence