News > With falling allocation, Navy looks at fleet optimisation

With falling allocation, Navy looks at fleet optimisation

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."