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'India to invest 130 billion USD in 7-8 yrs for military modernisation': Rajnath

Video Credit: HT Digital Content - Duration: 02:02s - Published
'India to invest 130 billion USD in 7-8 yrs for military modernisation': Rajnath

'India to invest 130 billion USD in 7-8 yrs for military modernisation': Rajnath

Defence minister Rajnath Singh said India to invest around 130 billion dollars for military modernisation.

He added that this spending will be done over the next 7 to 8 years.

Rajnath Singh was addressing the Valedictory Function of Aero India 2021 in Bengaluru.

"We don’t mean to be isolated from the world by self-reliance or act as a closed economy.

It seeks to promote globalisation by making India a more competitive player.

We will to invest around 130 billion USD for military modernisation in next 7-8 years.

Success of aero India presents a glimpse of the opportunities, possibilities in India," he said.


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