The Indian Navy is poised to enhance its operational capabilities significantly with three major defense deals set for finalization by the end of 2024. These acquisitions include advanced submarines, Rafale jets, and drones, collectively valued at ₹1.25 lakh crore (approximately $15 billion).
Key Acquisitions
- MQ-9B Drones: The Navy plans to procure 31 MQ-9B drones from the United States, specifically designed for anti-submarine warfare. This deal is expected to be concluded by October 31, 2024. The contract will see 15 drones allocated to the Navy, while the remaining will be distributed between the Army and Air Force. Notably, the drones will be integrated with Indian weapon systems, enhancing their operational effectiveness.
- Scorpene-Class Submarines: The second major deal involves the acquisition of three additional Scorpene-class submarines, which will be constructed in collaboration with France’s Naval Group at Mazagon Dockyard in Mumbai. This deal is estimated to cost around ₹40,000 crore. The new submarines will feature advanced technology and an indigenous combat management system, highlighting India’s commitment to boosting its underwater capabilities.
- Rafale-M Fighter Jets: The Indian Navy is also set to finalize a deal for 26 Rafale-M fighter jets intended for deployment on the INS Vikrant, India’s first indigenous aircraft carrier. This deal, valued at ₹50,000 crore, is progressing through negotiations aimed at expediting the procurement process. The Navy has opted to exclude the indigenous Uttam radar system from this fleet to avoid delays and additional costs.
Strategic Importance
These acquisitions are part of the Indian Navy’s broader strategy to enhance its surveillance and combat readiness in a rapidly changing geopolitical landscape. The focus on modernizing its fleet with advanced technology underscores the Navy’s commitment to maintaining maritime security and operational effectiveness in the Indian Ocean region, particularly in light of increasing assertiveness from neighboring countries like China.
Financial Backing
The Indian government has shown strong support for these initiatives, allocating a record capital budget of ₹61,000 crore for the Navy’s modernization efforts this fiscal year. This financial backing is crucial as the Navy seeks to bolster its capabilities and ensure readiness against potential threats in the region.In conclusion, the Indian Navy’s plans to finalize these major defense deals by the end of 2024 reflect a strategic move towards enhancing its operational capabilities and ensuring maritime security in an increasingly complex geopolitical environment.