Rs 90,048 crores allocated for Indian defence modernisation

An amount of Rs 90,048 crores has been allocated for modernisation of the armed forces under Defence Service Estimates in 2020-21.

Notably, this is an increase of over Rs 9,000 crores from last year's allocations.

As per a written response of Minister of State Defence, Shripad Naik, the modernisation projects are being forward as per approved capital acquisition plan and in terms of the extant defence procurement procedure.

Also this year allocation amount witnessed an increase of Rs. 9,088.92 crore over BE 2019-20 allocations. The government also stated that the total amount allocated for Capital Modernization is 27.87% of Defence Services Estimates.

In order to boost the defence government is taking steps for modernisation of Armed Forces, through procurement of new equipment and upgrading of existing equipment and systems.

There have been initiatives laid down by the Defence Ministry in the past few months including the ban on 101 import items which will help India to become self-reliant in defence.