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Defence modernisation News

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.

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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