NEW DELHI: India’s new Hindu nationalist government cleared on Saturday proposals worth nearly $3.5 billion to modernise the nation’s ageing Soviet-era military hardware and boost its domestic defence industry, a report said.
The move underscored the desire of the government led by Prime Minister Narendra Modi to move quickly to update the country’s military as India looks to defend itself against an increasingly assertive China and from rival Pakistan.
The government earlier this month announced a 12 per cent rise in military spending in the annual budget as part of efforts to overhaul its armed forces, declaring “there can be no compromise” with defence.
The Defence Acquisition Council on Saturday approved defence procurement proposals worth 210 billion rupees ($3.48bn), many of which were longstanding, at a meeting chaired by Defence Minister Arun Jaitley, the Press Trust of India said.
“There are many proposals in the pipeline for the defence forces,” Jaitley said at thefirst council’s first meeting since the Bharatiya Janata Party government took office in May after scoring a landslide election victory.
“Today, we have tried to expedite quite a few of them,” Jaitley, who is also the finance minister, was quoted by the PTI as saying.
Defence ministry officials were not immediately available for comment.
India is one of the world’s biggest arms importers, traditionally relying on Russia and in more recent years the United States for equipment and technology due to weaknesses with its own industry.
But slow procurement over decades and the collapse of a string of defence deals during the previous centre-left Congress party government’s rule has left the military short of key equipment.
The BJP has been pushing for greater indigenisation of the military industry as India imports around 70 per cent of its defence hardware.