Certain media reports have alluded to the fact that the - TopicsExpress

Certain media reports have alluded to the fact that the acquisition process of indian Army has struck no major deals in the current financial year. This is grossly misleading as over 1500 crores have been spent in modernising ammunition and night fighting capabilities, amongst other schemes. The momentum is such that we have almost thrice exceeded the budget allocation. In fact in addition to seventeen acquisitions already signed, twenty three new acquisitions are in pipeline which will fructify in last quarter of this year(approximately 1500-2000 crores). Acquisition of equipment which is currently under investigative scrutiny will only be progressed once we are fully clear that the whole process is above board.

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