Defence minister Rajnath Singh said India to invest around 130 billion dollars for military modernisation.
He added that this spending will be done over the next 7 to 8 years.
Rajnath Singh was addressing the Valedictory Function of Aero India 2021 in Bengaluru.
"We don’t mean to be isolated from the world by self-reliance or act as a closed economy.
It seeks to promote globalisation by making India a more competitive player.
We will to invest around 130 billion USD for military modernisation in next 7-8 years.
Success of aero India presents a glimpse of the opportunities, possibilities in India," he said.
