The Indian Navy is likely to finalize three significant defence deals by end of this fiscal year. The deals are collectively valued at ₹1.25 lakh crore. These deals focus on acquiring advanced drones, submarines, and fighter jets. The Navy officers are expediting the process of the procurement of 31 MQ-9B drones, three additional Scorpene-class submarines, and 26 Rafale-M fighter jets. The Indian government has extended robust financial support for these initiatives, allocating a record capital budget of ₹61,000 crore for the Navy’s modernization efforts this year. The deal to acquire MQ-9B Drone is in the final stage.