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Defence modernisation News

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Defense
15 Sep 2020
Centre allocated Rs 90,048 crores for defence modernisation in 2020-21
There is an increase of over Rs 9,000 crores from last year`s allocations. The total amount allocated for modernisation, through procurement of new equipment and upgrading of existing equipment and systems, is 27.87 per cent of the Defence Services Estimates.
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FDI in defence
25 Aug 2014
FDI in defence is wise decision, should be welcomed: Venkaiah
In order to reduce the dependence on import of defence equipment, the government decided to allow foreign direct investment in defence sector, Urban Development Minister M Venkaiah Naidu on Monday said here.






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