Indian Armed Forces to spend $130 Bn in capital procurement in the next 5 years
According to estimates, the Indian Armed Forces are projected to spend around USD 130 billion (Approx. Rs. 9, 62,000 Crores) in capital procurement in the next five years. The plan includes procurement of a range of weapons, missiles, air defence systems, fighter jets, submarines and warships, drones, surveillance equipment and developing infrastructure for extensive use…