SP's Show News to Aero India 2011 - Day 2

Page 1

Day-2

Thu. 10 Feb. 2011

See you at Hall E, Booth 22

SP’s

AN SP GUIDE PUBLICATION

shownews a e r o

I N D I A

2 0 1 1

O F F I C I A L

D A I L Y

PUBLISHERS OF: SP’s Military Yearbook, SP’s Aviation, SP’s AIRBUZ, SP’s Land Forces & SP’s Naval Forces

[ t o d a y ] Violent Neighbourhood 02

Defence Minister launches SP’s MAI fortnightly

Will Push Up India’s Defence Spending: Antony

Photograph: S. Radhakrishna

By Vishal Thapar

Photographs: Wg Cdr (Retd) R.S. Chauhan

V

iolent disturbances in its neighbourhood will force India to increase its defence spending, Defence Minister A.K. Antony declared while inaugurating Aero India 2011, India’s largestever airshow, which got off to a flying start at Yelahanka on Wednesday. “India has always been a votary of peace. Yet, violent disturbances in our immediate and extended neighbourhood pose security challenges for our nation and the region as a whole. Our Government is steadfast in its resolve to meet any challenge. We are, therefore, commiktted to ensure rapid modernisation of our armed forces and equip them with state-of-the-art systems, equipment and platforms. Our current defence expenditure – 2.5 per cent of the GDP – is consistent with our projected security requirements, and is bound to increase over the next two decades,” Antony said in his inaugural speech at the Eighth edition of the show. India’s defence budget for the current fiscal is over $32 billion, of which $13 billion is earmarked for capital outlays.  1

February 10, 2011

Aerospace requirements in particular will push the defence budget. Revealing the Government’s official estimates of the size of the aviation market – both military and civil – till 2030, Secretary Defence Production R.K. Singh said India is likely to spend $150 billion to meet its rapidly increasing requirements. Defence Minister A.K. Antony concurred, saying that India is the fastest growing aerospace market in the world. Putting his weight behind self-reliance in the defence

SP’S SHOWNEwS

[ Meet the Press ]  P 4

MMRCA deal in a year

A.K. Antony Minister of Defence


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.