Indian Navy Projects Need For US$ 25 Billion Over Next Five Years

Indian Navy chief Admiral Sureesh Mehta said today that they Indian Navy has put forward a requirement of Rs.110,000 crore (US$ 25 Billion approx.) for the next Five-Year Plan to equip itself to take on the challenges of the future.

“We are preparing the navy for any role in the future scenario. With an economic growth rate of over eight per cent, India has arrived and the world is looking at us with a difference,” Admiral Mehta, on a three-day visit to the Western Fleet’s headquarters here, told reporters.

Besides its military role, the navy has a diplomatic and policing role, he said, citing the ongoing light intensity maritime operations.

“The navy currently has 136 ships and building of 33 more ships is underway in our shipyards,” he said. Six Scorpene submarines are being built at Mazagon dockyard here.

Aircraft carrier INS Vikramaditya, formerly the Russian Navy’s Admiral Gorshkov, will arrive in Mumbai in two years, and the large amphibious ship Trenton, acquired from the US, would be handed over to the navy next month, he said.

“This will bring about a marked increase in the navy’s capabilities,” Mehta said.

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