India spent $7 bn on army procurements since 2007December 21st, 2011 - 10:59 pm ICT by IANS
New Delhi, Dec 21 (IANS) India spent a total of Rs.34,517 crore (nearly $7 billion) on army procurements in the four years since 2007, the parliament was informed Wednesday.
Defence Minister A.K. Antony, in reply to questions, said the expenditure of the army had steadily increased since 2007-08, with a slight dip in 2009-10.
He said in 2010-11 alone, India had spent Rs.11,600 crore (about $2.3 billion) and in 2009-10 Rs.7,774 crore ($1.6 billion). In 2008-09, the nation had spent Rs.7,939 crore ($1.7 billion) and in 2007-08, it spent Rs.7,204 crore ($1.4 billion).
He noted that there is a well-structured and institutionalised planning process for capability development and modernisation of the Indian Army.
“As part of this process, the army is implementing a focused plan to build up the capability of the army by force accretions and force modernisation,” he said.
The process, he said, is based on a 15-year long term perspective plan (LTTP), five-year services capital acquisition plan (SCAP) and annual acquisition plan (AAP).
Procurement of required equipment and ammunitions is carried out as per the AAP in accordance with the defence procurement procedure and defence procurement manual, he said.
He added that adequate funds are made available by the government to meet the requirements of the army for procurement of defence equipment and ammunition.
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