Tag: defence modernisation

The capital outlay for defence modernisation has gone up from ₹80,959.08 crore in FY20 to ₹1,32,301.27 crore in FY24, government told parliament on Friday. However, there is a minor dip of ₹540 crore from projected business estimate FY24, pegged at ₹1,32,841.04 crore, to actual allocation for the same financial year which is ₹1,32,301.27 crore, as per written answer Minister of State for Defence Ajay Bhatt gave to joint queries of two MPs Dean Kuriakose and Anumula Revanth Reddy in Lok Sabha. To encourage indigenous industry to contribute to...