The Indian Navy on Tuesday said that it will request the government for a higher budget and is aiming at increasing its share of the defence budget to 18 percent in light of major acquisitions, including advanced submarines and fighter aircraft.
The navy’s Vice Chief, Vice Admiral G Ashok Kumar, said that for the current financial year the navy’s share of the defence budget is 13.66 percent and hinted that this was low. While adding that the navy wants its share to be increased to 18 percent as was the case in 2012-13, he added that it would ask the government for additional funds during the revised estimates later this year.Read More…
