Sunday, July 11, 2010

India's biggest defence deal of INR 50,000 crores ..

The biggest military deal for India is the rs 50,000 crore submarine deal which has been overseen and signed by the Defence Minister of India, Mr A K Antony. Mr Clean as he is usually called, Mr Antony has kept aside all middle men in this defence deal, which has been plaguing Indian defence deals for almost sixty years and which has seen the likes of Bofors, Hindujas and other societal parasites living off the exchequers money illegally. Easily Rs 5000 to 10,000 crores of mine and your money could have been in the hands of such parasites if care was not taken in this deal.

The other beauty of this order is that five of these submarines will be manufactured within India, ie about 40,000 crores will be pumped back to the Indian financial system or some may go out for funding imports. But a small base for the technology is getting established in the country.

The other question is China has 62 submarines, of which 10 are nuclear  powered, India has 10 and with this order 16, none are nuclear powered and Pakistan has six, again none nuclear powered. Do we need to catch up or match up with China at the cost of educating and lifting our 300 million people from the clutches of poverty, illiteracy and backwardness ?


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