Navy to finalize three defence deals valued at ₹1.25 lakh crore in current fiscal year
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
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.
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