Clearing of defence deals shows intent of Modi Govt., says Uday Bhaskar

Image
ANI New Delhi
Last Updated : Oct 26 2014 | 3:25 PM IST

Defence analyst Commodore (retired) C. Uday Bhaskar on Sunday welcomed the recent clearing of defence deals worth Rs 80,000 crores by the Defence Acquisition Committee (DAC) and said that such a decision showed the strong intent of the Prime Minister Narendra Modi-led government.

"The decision of the government and the DAC to clear deals worth almost Rs 80, 000 crores is a major decision. It is also a welcome decision, signalling the intent of the Modi government. If these decisions are implemented in a very earnest manner, my sense is that it would have a very positive impact on India's overall military capability as also the indigenous manufacturing capability in the country and thereby reduce the import dependence which has been a very serious challenge and constraint for India," Commodore (retired) Bhaskar told ANI.

"Various items have been identified, particularly the submarine building project as also the anti-tank missile, which is to be acquired from Israel," he added.

The security and strategic affairs expert also expressed his concern over the financial aspects of the deal and urged the government to ensure progressive financial support to the deal.

"The anxiety that I have is that the money that has been cleared at the level of the DAC has to be supported by sustained financial commitments. In other words, when the budget is presented next year, the finance ministry must ensure that for at least the next five years, there is financial support for the deal in a progressive way," he said.

"Each of the items to be acquired will also need sustained political and bureaucratic support. There needs to be an enabling environment, and an ecosystem that supports this effort," he added.

Commodore (retired) Bhaskar also spotted a challenge for the Indian manufacturers in the deal.

"Each of the items in deal will require Indian manufacturing to raise the bar - none of the technologies have been developed in India before. There I anticipate the greatest challenge," he said.

Earlier on Saturday, the government cleared defence projects amounting to Rs 80,000 crores. The projects were approved during the meeting of the DAC, which was chaired by Defence Minister Arun Jaitley.

*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: Oct 26 2014 | 3:12 PM IST

Next Story