By Jack Ryan
MCMV: Previous 12, now 8
KA-31: Previous 10, now 6
More P-8s: Previous 10, now 6
LPD: Previous 4, now scrapped
Cadet training ship: to be terminated
Indian Navy cutting down on procurement due to Budget cuts
The rationalisation process has been initiated after consecutive budgets where projected demands of the Navy have not been met. In the current budget, for example, the Navy was allocated Rs 41,259 crore against the projected amount of Rs 64,307 crore, which officials say is not even adequate to continue annual payments for acquisition contracts already signed.
With forced budget cuts hitting hard, the Indian Navy is pulling back on procurement of combat systems, cutting down on the numbers planned to be acquired in some cases and foreclosing other projects that have hit a dead end.
The rationalisation process, which is likely to be approved by the defence ministry, has been initiated after consecutive budgets whereprojected demands of the Navy have not been met. In the current budget, for example, the Navy was allocated 41,259 crore against...