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Govt to pump in Rs 15,000 cr to augment military production

Last Updated: Wednesday, March 20, 2013, 20:40

With focus on indigenisation to avoid scams in foreign acquisition, Defence Ministry today said it will be pumping Rs 15,000 crore to augment domestic military production for systems such as the indigenous 155mm artillery guns.

17% hike in India's defence spending

Last Updated: Friday, March 16, 2012, 13:26

To give a further push to its rapid military modernization, India Friday hiked its military spending by over 17 percent to Rs.1,93,407 crore (over USD 42 billion/Rs.1.93 trillion).In real terms, this increase amounts to Rs.28,992 crore (USD 6.5 billion) in the total outlay for defence for 2012-13 compared to Rs.1,64,415 crore (USD 36 billion) for the previous year (2011-12).

`Pak defence budget pales in comparison to India`

Last Updated: Monday, March 14, 2011, 15:20

Pakistan Army spokesman said his country is allocating only $4 bn to defence.