SUBSCRIBERS

Modi clears US$19b of arms procurement proposals

Published Tue, Dec 16, 2014 · 09:50 PM

New Delhi

PRIME Minister Narendra Modi has cleared US$19 billion of arms procurement proposals since taking power in May, almost double India's spending on weapons in the last fiscal year as he tries to modernise the country's military.

The blitz of 41 approvals spans heavy guns to submarines as Mr Modi seeks to counter China's rising military heft and take a firmer stance on border disputes with Pakistan. The vice chief of the Indian Air Force, for one, has never seen anything like this pace from the nation's Defence Acquisition Council.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

International

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here