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In a significant push to modernize and enhance its capabilities, the Indian Navy is on track to conclude three major defence deals within the current financial year. These contracts encompass the acquisition of 31 MQ-9B drones, 3 additional Scorpene submarines, and 26 Rafale-M fighter aircraft, reflecting the Navy's commitment to bolstering its surveillance and combat prowess.
The government has demonstrated its full support for the Navy's modernization drive by allocating a record-high capital budget of Rs 61,000 crore this year. This financial backing underscores the urgency of equipping the Navy to meet the challenges of a dynamic security environment.
The first project slated for completion is the procurement of MQ-9B drones, equipped with advanced anti-submarine warfare capabilities. The American proposal for these drones remains valid until October 31st, and the project is expected to be finalized before this deadline. The Navy will receive 15 of these drones, with the remaining eight allocated to the Army and Air Force.
Progress is also being made on the deal for three additional Scorpene submarines, to be built in collaboration with the French Naval Group and India's Mazagaon Dockyards Limited (MDL). MDL has submitted revised bids for the project, estimated to cost around Rs 40,000 crores. These submarines will boast enhanced capabilities compared to their predecessors and will feature an indigenous combat management system.
The third project on the horizon is the purchase of 26 Rafale-M marine fighter jets for the INS Vikrant aircraft carrier. Two rounds of negotiations have already taken place, and India has recently waived the requirement for integrating the Uttam radar on the aircraft, streamlining the procurement process. The deal is being structured similarly to the previous acquisition of 36 Rafale fighters for the Indian Air Force, with the agreed rate of inflation factored into the price for this Rs 50,000 crore contract.
These strategic acquisitions underscore the Indian Navy's focus on enhancing its capabilities in both surveillance and underwater warfare, positioning it to effectively safeguard India's maritime interests in an increasingly complex geopolitical landscape.