Naval Today
  • Vessels
  • Equipment & Technology
  • Operations
  • Capital Investments
  • Authorities
  • More news
JobsNewsletter
Naval Today logo

Your trusted source for naval and maritime news, part of the Navingo network.

Topics
  • Equipment & technology
  • Industry
  • Vessels
  • Operations
  • Training & Education
Network
  • NavalToday
  • Dredging Today
  • Offshore Wind
  • Offshore Energy
  • Maritieme Vacaturebank
Company
  • Advertising
  • Newsletter
  • Jobs
  • Report Your News
  • Privacy Policy

© 2026 Navingo. All rights reserved.

Home›Contracts›India to Spend about USD60 Billion for Fleet Modernization
Contracts

September 29, 2011 · about 15 years ago

India to Spend about USD60 Billion for Fleet Modernization

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, th

1 minutes read
  • LinkedIn
  • X
  • Email

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

Reach the Naval Today industry in one go!

Naval Today is read by thousands of professionals every day.

Increase your visibility with banners, tell your story with a branded article, and showcase your expertise with a full-page company profile in our business directory.

CONTACT

Follow Naval Today on:

Filed under

ContractsCapital InvestmentsVesselsEquipment & technologyAviationPropulsionContracts & Tenders

Daily news in your mailbox

Join thousands of industry professionals who start their day with our newsletter.

Trending Now

  1. 1MCWL accepts first Ancillary Surface Craft prototype
  2. 2Australia selects site for Henderson Defence Precinct
  3. 3Royal Netherlands Navy opts for Destinus Hornet B2 interceptor
  4. 4Keel laid for Australia's first Hunter class frigate

Daily news in your mailbox

Join thousands of industry professionals who start their day with our newsletter.

Subscribe free