Indian Navy to acquire fighter planes, submarines
"We are acquiring our ships, aircraft and submarines in accordance with the Navy's current Maritime Capability Perspective Plan. There are presently 40 ships and submarines on order," Verma said.
He said in addition, Navy has aggressive acquisition programmes in aviation including induction of Mig 29K, the acquisition of Boeing P8I MPA aircraft, additional Kamov 31 helicopters and new multi-role helicopters.
"We would also by then have our indigenous strategic submarine force fully operationalised," the Chief of Naval Staff said in an interview to recently published 'Manas Defence Year Book'.
"The linking of all our platforms through ongoing efforts in data linking will realise the creation of a truly network centric force that is tomorrow ready. In sum by 2020, I see a modern and powerful Navy with a large indigenous component, manned by a highly tech-savvy manpower ready to meet the transformational changes," Verma said.
To a question on expanding reach of Chinese Navy in Indian Ocean, he said the force views it with respect and not in confrontational terms.
"We appreciate that the economy of China, like that of India, is highly growth-oriented and, consequently, highly dependent upon energy. Thus, to sustain her economic growth, China - like India - must rely increasingly upon external sources of energy and raw materials.
RBI Chief Raghuram Rajan stated that more economic data is needed to be confident that economic growth is picking up, although he added that the benefits to exports from the Rupee's fall is yet to kick in.
Date 17 hrs ago, Duration 2:19, Views 13