India to spend Rs 2 lakh crore over 10 years to boost airpower

September 21, 2012

Air_Power

New Delhi, September 21: India will spend over Rs 2 lakh crore (upwards of $35 billion) over the next 10 years to boost its air combat power to counter any threats to its territorial integrity as well as protect its expanding geopolitical interests.

While IAF's acquisition programmes have been well-documented — ranging from 126 medium multi-role combat aircraft (MMRCA) to over 200 futuristic 5th generation stealth fighters — the deputy chief of air staff Air Marshal R K Sharma put a figure to it on Thursday.

Speaking at a seminar on "Energizing the Aerospace Industry in India" here, Air Marshal Sharma said IAF plans to spend Rs 2 lakh crore on capital procurements during the 12th (2012-2017) and 13th (2017-2022) Plans while underlining the "huge potential" for the private sector to work in the defence sector.

Incidentally, this comes after Navy's ongoing warship, submarine and maritime aircraft acquisition programmes as well as proposed projects over the next 15 years were pegged at over Rs 3 lakh crore, as was first reported by TOI earlier.

The IAF figure may also sound "staggering" to some, but it's "a question of simple mathematics". With the norm being a 12%-15% hike in IAF's capital outlay every year, it already stands at Rs 30,514 crore for this fiscal.

Taking annual budgets over the two five-year Plan periods into account, and subtracting the amounts for capital works, the Rs 2 lakh crore figure seems conservative. "Moreover, it's for not just new acquisitions but also committed liabilities or installments for deals already inked," said a senior officer.

With both China and Pakistan bolstering their air forces, IAF certainly needs well-planned systematic inductions of fighters and helicopters, mid-air refuellers and transport planes, spy and combat drones, surface-to-air missiles and advanced radars.

Despite airpower being critical in winning modern wars, IAF is down to just 33-34 fighter squadrons (each has 12 to 18 jets) due to progressive phasing out of virtually obsolete MiGs. It will not be able to achieve its "sanctioned strength" of 39.5 squadrons even by 2017 despite needing at least 44 squadrons for "robust dissuasive deterrence" against China and Pakistan.

IAF is heavily banking upon the almost $20 billion MMRCA project to acquire 126 French Rafale fighters to plug gaps, apart from the ongoing phased induction of 270 Sukhoi-30MKIs contracted from Russia for around $12 billion.

With final commercial negotiations underway, the MMRCA contract is likely to be inked by mid-2013. The first 18 jets will come in "fly-away condition" from France from 2016 onwards, while the rest 108 will subsequently be manufactured under licence by Hindustan Aeronautics Limited over six years.

For the long-term, IAF is looking to induct over 200 of the 5th Gen swing-role fighters from 2022 onwards. India and Russia will ink the $11 billion full design R&D contract for them within six months, with each chipping in with $5.5 billion. India will eventually spend around $35 billion on this futuristic fighter project over the next 15-20 years, with each jet to be subsequently produced costing over $100 million.


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News Network
May 30,2024

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As Punjab votes in the last phase of 18th Lok Sabha polls on June 1, former Prime Minister Manmohan Singh in a letter addressed to the voters of the state said that PM Narendra Modi has indulged in most vicious form of hate speeches, which are purely divisive in nature.

"Modi has indulged in most vicious form of hate speeches, which are purely divisive in nature," said Singh in the letter shared by Congress on social media platform X.

Singh in the letter added that 'no PM in past has uttered such hateful, unparliamentary terms to target either a specific section of society or opposition.'

"No PM in past has uttered such hateful, unparliamentary terms to target either a specific section of society or opposition," remarked Manmohan Singh in the letter.

“In the past ten years, the BJP government has left no stone unturned in castigating Punjab, Punjabis and Punjabiyat. 750 farmers, mostly belonging to Punjab, were martyred while incessantly waiting at Delhi borders, for months together. As if the lathis and the rubber bullets were not enough, none less than the Prime Minister verbally assaulted our farmers by calling them "Andolanjeevis" and "Parjeevi" (Parasites) on the floor of the Parliament. Their only demand was the withdrawal of the three farm laws imposed on them without consulting them," said the former Prime Minister.

On economic front:

Manmohan Singh further continuing his attack on Modi-led government said that in the past 10 years, 'the nation's economy has witnessed unimaginable turmoil.'

"The imposition of the demonetisation disaster, a flawed GST, and the painful mismanagement during the COVID pandemic has resulted in a miserable situation, where an expectation of a subpar 6-7 per cent GDP growth has become the new normal. Average GDP Growth under BJP Government has plunged to under 6 per cent, while during Congress-UPA tenure, it was about 8 per cent (New Series)," commented Singh.

"While the Congress-UPA, despite challenges, increased the purchasing power of our people, the misrule of the BJP Government has resulted in depletion of household savings to a historic 47-year low. Rural wages have witnessed a systematic fall, and wage disparity has led to widespread distress," noted Singh in the letter.

On Agniveer scheme:

On Agniveer scheme, Singh said "BJP govt imposed Agniveer scheme; it thinks value of patriotism, service is only 4 years, shows their fake nationalism."

"Those who trained for regular recruitment were woefully betrayed by the outgoing regime. The youth of Punjab, the son of the farmer, who dreams of serving the motherland through the Armed Forces, is now thinking twice about getting recruited only for a 4-year stint. Agniveer Scheme endangers National Security. Congress party has therefore promised to abolish the Agniveer Scheme," added Singh.

Earlier. during campaigning in various parts of the country, PM Modi had accused Singh of saying that Muslims have the first right on the country's resources.Singh said people of India are seeing through all of this. "This narrative of dehumanisation has now reached its peak. It is now our duty to save our beloved nation from these forces of discord," Singh said in the letter.

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News Network
May 22,2024

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An Emirates plane was damaged after colliding with a flock of flamingos shortly before touchdown, damaging the plane and leaving several birds dead, the airline said on Wednesday. The flight, however, landed safely in Mumbai late on Monday night, the airlines added.

The Boeing 777 aircraft, flying from Dubai to Mumbai, hit the flock around 300 metres (1,000 ft) from the ground, leaving 39 of the birds dead, sources said.

"Emirates can confirm that EK508 from Dubai to Mumbai on May 20 was involved in a bird strike incident upon landing," an Emirates spokesperson told Reuters.

"The aircraft landed safely and all passengers and crew disembarked without injury, however sadly a number of flamingos were lost and Emirates is cooperating with the authorities on the matter," the spokesperson said.

The Emirates aircraft was damaged in the incident and the return flight, scheduled to depart for Dubai on May 20, was cancelled, the spokesperson said.

Images in local media showed officials carrying bloodied flamingos, which migrate to the city every winter from the neighbouring state of Gujarat.

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News Network
June 1,2024

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Gautam Adani, chairman of multinational conglomerate the Adani Group, has reclaimed the title of the richest person in Asia with a net worth of $111 billion, according to the Bloomberg Billionaires Index. This came after the group's shares rallied up to 14 per cent on Friday.

With this, Adani has overtaken Reliance Industries’ Mukesh Ambani after nearly 5 months. Ambani stands at 12th rank with a net worth of $109 billion. He had overtaken Adani in net worth after his conglomerate's shares crashed following the Hindenburg report last January.

So far in 2024, Adani’s net worth has jumped $26.8 billion while Ambani's wealth has increased by $12.7 billion.

Last week, Adani also expressed his optimism about the future of the group saying that its best days are ahead.

“The road ahead is paved with extraordinary possibilities, and I can promise you that the Adani Group today is stronger than it has ever been," he said.

2023 had been quite challenging for the Adani Group after the Supreme Court ordered a panel to probe the allegations in the Hindenburg report. Adani, who was the third richest person in the world before the report, slipped in the rankings rapidly after the group's shares saw a sell-off.

However, later the Supreme Court ordered the Securities and Exchanges Board of India (Sebi) to conclude its investigation into the Adani Group and said no more probes were needed. Sebi had said that it could not reach an outcome in its probe.

The shares of the Adani Group have rallied after the judgement. In January, Adani had overtaken Ambani after nearly 12 months but later the lead was taken again by Ambani. Now Adani has overtaken Ambani again.

The Bloomberg Billionaires Index showed that currently, Bernard Arnault is currently the richest person in the world with a net worth of $207 billion. He is followed by Elon Musk and Jeff Bezos with total wealth of $203 billion and $199 billion respectively.

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