News > With falling allocation, Navy looks at fleet optimisation
With falling allocation, Navy looks at fleet optimisation
The Hindu | 06/03/2020 09:40 PM | Click to read full article
This year, the Navy's share in the capital allocation of the defence budget is ₹26,688 crore, while officials said the committed liabilities alone stood at ₹45,000 crore. "The Navy now has no dedicated minesweepers in service, and is resorting to makeshift arrangements. We need more submarines, but we also need a third aircraft carrier."