Over Rs 78,000 crore spent in 3 years for weapon system import

In the last few years, India has procured several new systems such as P-8I maritime surveillance aircraft, ten new C-17 heavy lift transport aircraft and C-130J Super Hercules aircraft

Press Trust of India New Delhi
Last Updated : Mar 11 2013 | 4:55 PM IST
India has spent over Rs 78,000 crore in the last three years for importing weapon systems and military hardware from countries including the US, Russia, Germany, Israel and the United Kingdom, the government today said.

"The expenditure made on import of weapons, equipments during the last three years and the current financial year includes Rs 13,411.91 crore in 2009-10, Rs 15,44.01 crore in 2010-11, Rs 24,193 crore in 2011-12 and Rs 251,26 crore in 2012-13," Defence minister A K Antony told Lok Sabha in reply to a written query.

In the last few years, India has procured several new systems such as P-8I maritime surveillance aircraft, ten new C-17 heavy lift transport aircraft and C-130J Super Hercules aircraft.

Answering another query, Antony said CBI has informed that its probe in Tatra truck deal was related to the point that these "trucks were not purchased from the original manufacturer during the period 1997 onwards and BEML failed to achieve 100 per cent indigenisation in the last 24 years as first agreement was signed with M/s Omnipal in 1986 and all documents for indigenisation were received by BEML".

"BEML converted the payment currency from USD to Euros on the request of Tatra Sipox UK limited, the supplier firm and this action resulted in loss of Rs 4 crores to BEML," Antony said.

He said Letter Rogatories (LRs) are being sent to various countries and the investigation will be finalised on receipt of replies from the countries concerned.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Mar 11 2013 | 4:43 PM IST

Next Story