India to Spend about USD60 Billion for Fleet Modernization

first_img View post tag: India View post tag: spend View post tag: Naval India to Spend about USD60 Billion for Fleet Modernization View post tag: about View post tag: Modernization View post tag: Navy View post tag: fleet Share this article View post tag: tocenter_img Back to overview,Home naval-today India to Spend about USD60 Billion for Fleet Modernization September 29, 2011 Industry news View post tag: For Modernization of national navy conducted by Indian defense ministry will cost defense budget INR 3 trillions ($60.1 bln) in the nearest few years, reports TNN. This sum will be spent for procurement of surface ships, submarines, deck-based fighters, and coast-based patrol aircraft.In particular, the mentioned sum includes repair and upgrade of Russian aircraft-carrying cruiser Admiral Gorshkov which will serve in Indian Navy as INS Vikramaditya. Besides, Russia builds three Project 1135.6 Talwar-class frigates for India. Also, Indian Navy are going to commission three Shivalik-class frigates (two of them are already in service) and other 46 surface ships including 7 destroyers, 4 corvettes, 9 patrol boats, and 4 helicopter carriers.In addition, it is planned to purchase six Scorpene-class and six Project-75I submarines. The latter ones are supposed to have air-independent propulsion plants and cruise missiles. In 2012 Indian Navy will commission nuclear-powered submarine INS Arihant.Indian Navy also plans to put in service 45 deck-based fighters MiG-29K/KUB, 12 patrol aircrafts P-8I Poseidon, and a number of ASW helicopters and UAVs.In 2010 Indian defense ministry launched an armament modernization program. Reportedly, it was planned to spend over $200 bln for that purpose within the nearest 12 years; little more than a half of that sum is to be appropriated for Navy and Air Force modernization.[mappress]Source: rusnavy, September 29, 2011 View post tag: News by topic View post tag: USD60 View post tag: billionlast_img read more