India Allocates USD8.5b to Procurement

A provision of Rs. 40367.72 crores (US Dollar 8.5 billion approximately) in respect of procurement under capital acquisition has been made in the Budget Estimate for the year 2009-10. A modernization plan in the form of Long Term Integrated Perspective Plan (LTIPP), 5 years Services Capital Acquisition Plan (SCAP) and Annual Acquisition Plan (AAP) is prepared with due consideration to our security concerns, perspective defence capabilities and equipment profile. The plan is prioritized in the light of operational exigencies. This information was given by Defence Minister Shri AK Antony in a written reply to Shri S S Ahluwalia in Rajya Sabha today. The Qualitative Requirements for Futuristic Infantry Soldier-As-A-System (F-INSAS) is being finalized together by the developer and army, indentifying critical technologies requirements. Out of five major technologies for the futuristic soldiers, the following two have been projectised in the Defence Research and Development Organisation (DRDO). (i) Design and development of Muti-Calibre Individual Weapon System. (ii) Design and development of Air Bursting Grenade for Individual Weapon. Integrated Management System with Public-Private-Partnership is contemplated in order to produce cost-effective system in large quantity. This information was given by Defence Minister Shri AK Antony in a written reply to Shri Bhagat Singh Koshyari and Shri Prabhat Jha in Rajya Sabha today. Comment: Although USD8.5 might be available now it is highly likely that around 25 per cent of this total will be returned to the finance ministry in around 12 months because India has been unable to spend the quota. This is traditional practice in India.

3 Responses

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  2. Excellent site, keep up the good work

    • thanks alot friend.

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