Navy Chief Admiral Singh flags concern over decline in funds allocation to Navy

In DEFENCE, LATEST NEWS, NAVY, NEWS UPDATE

In the backdrop of China”s aggressive naval expansion, Navy Chief Admiral Karambir Singh on Tuesday pitched for higher budgetary allocation for his force, flagging concerns over decline in the Navy”s share in defence allocation from 18 per cent in 2012-13 to 13 per cent in 2018-19.

In a reference to Indian Navy driving out a Chinese PLA ship from India”s Exclusive Economic Zone in September, the Navy Chief asserted that such activities will be dealt with sternly. The Navy”s long-term capability plan is to have three aircraft carriers so that two carrier battle groups are ready for deployment in the Indian Ocean Region round-the-clock.

In a press conference on the eve of the Navy Day, the Navy Chief said the first indigenous aircraft carrier (IAC) will be fully operational by 2022 and it will have a fleet of MiG-29K aircraft.

According to plans, he said the second IAC will be 65,000 ton CATOBAR aircraft carrier with electric propulsion and that Navy will shortly approach the government seeking approval for the project.  Read More

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