Purchase of Russian S-400 System Top Priority for Cash-Strapped India

[ashok321]

India has signed many defense deals with Russia despite a strong financial crunch. Out of its deals it has accorded top priority to the purchase of the S-400 which it expects to be signed by the beginning of the next financial year.

New Delhi (Sputnik) — Government sources told Sputnik that the crucial parts of the S-400 deal are in their final draft and the deal is expected to be signed by the first month of the next financial year in April 2017. India signed an agreement for the purchase of $4.5 billion worth of S-400 Triumph air defense systems during the annual meeting between India and Russia in Goa.

Sources say that India’s funding crunch may be the reason for the delay in the signing of final deal this year. A recent report by domestic brokerage ICICI Securities indicated the financial problems of the Indian government.

“The amount earmarked for new purchases is so low that it has been exhausted in just one purchase alone, the Rafale fighter, whose 15% signing advance amounts to $ 1.3 billion. Additional allocations are now required for fresh acquisitions over the remaining half of financial year 2016-17,” the report read.


Read more: https://sputniknews.com/military/201610201046558980-india-s400-russia/

 

[GURU DUTT]

well when a raita failaaying conman and a serial liear and self confessed anarchesit can stop the salaray of MCD employees and instead of working keep making and blaming LG and central goverment but raise his and his MLAs salaary by 300% the why cant India buy S400 when it has to live under constant missile threat posted by China and pakistan

 

[Alphacharlie]

Cash-Strapped India ---- Yes Yes we Believe You !!

 

[Agent_47]

Report is true IAF CAPEX is fully utilized. But S400 agreement hasn't signed yet. It will be done by second half of next year. We can expect a healthy increase in CAPEX in next FY budget.

 

[dani958]

you have your own systems why do you need s 400?

 

[Centurion2016]

Cash strapped India.

Surprising

Don't they spend 45,billion a year on military with a quarter of this is 12,billion a year for new purchases

 

[nang2]

Cash strapped India.

Surprising

Don't they spend 45,billion a year on military with a quarter of this is 12,billion a year for new purchases

I have the same surprise.

 

[SR-91]

There is no such thing short of cash in Indian defense budget we still have 3500 crores unspent waiting for purchase of different weapons. Totally a retard could think like that.


They are under development and threat is very imminent would need immediate systems to cover the gap.

Happy to see a good looking woman in uniform. Rock on.

India currently has S-300s and PAD in inventory as air defence systems. AAD system is in final stages of development. Barak8 SAM has been developed however there are issues with parts procurement. Israel is charging a lot of money for critical parts. MOD is negotiating with them for a new contract.

So there are huge gaps in our Air Defence, can be fulfilled by S-400/S-450MKI. Even with these SAMs there will be gaps left.

 

[MKC]

Not my pictures but yes she is pretty.


Yes agreed We need home made and foreign system to make our air defense strong.

& you live in mot peaceful nation of world Iceland.

 

[SR-91]

Not my pictures but yes she is pretty.


Yes agreed We need home made and foreign system to make our air defense strong.

Are u a military personnel?

 

[SR-91]

I mentioned in my intro ex- Military Doctor from Indian army Medical Corps (AMC).
Capt, Retried.

Didn't read ur intro but welcome to the forum Captain.

 

[SR-91]

Ex- Capt.
And thanks you.

Once a Captain always a Captain.