The Economic Times

50,000 cr capital spend this year; no fund shortage, says Army Chief General Upendra Dwivedi

The Indian Army is set to exceed its capital budget, spending close to 50,000 crore on new weapons and systems this financial year. This significant spending drive, fueled by faster decision-making and a focus on capability enhancement, is largely benefiting the private sector. The government has assured additional funds if needed, reflecting a shift from past procurement delays.