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Budget allocation of Indian Navy for 2013-14 is Rs. 34,212.33 crores: Antony

Source : ANI
Last Updated: Mon, Apr 29, 2013 14:40 hrs

Defence Minister A.K. Antony on Monday said the budget allocation of Indian Navy for 2013-14 is Rs. 34,212.33 crores out of which Rs. 22738.70 crores is earmarked for modernization.

Antony said modernisation of the Indian Navy is an ongoing process keeping in view the prevailing security environment, threat perceptions, emerging technologies and capabilities to be achieved.

"The budget allocation of Indian Navy for 2013-14 is Rs. 34212.33 crores out of which Rs. 22738.70 crores is earmarked for modernization purpose." he said in a written reply to Dr. M. Thambidurai in the Lok Sabha. (ANI)



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