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Defence Ministry says increased budget allocation will boost border infrastructure and connectivity

Even as Union Finance Minister Nirmala Sitharaman announced a big hike of around 13% in the defence budget for the 2023-24 fiscal period, a significant amount was also devoted to infrastructure development along the northern borders with China and Pakistan

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Ajeyo Basu|Feb 01, 2023, 19:25:27 IST

New Delhi: With India facing up to a belligerent China along the Line of Actual Control (LAC), the Indian government has initiated a slew of development projects at the Himalayan frontiers.

Even as Union Finance Minister Nirmala Sitharaman announced a big hike of around 13% in the defence budget for the 2023-24 fiscal period, a significant amount was also devoted to infrastructure development along the northern borders with China and Pakistan.

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“Defence ministry is committed towards infrastructure strengthening in the northern borders. Accordingly, the Capital Budget of Border Roads Organization (BRO) has been increased by 43% to Rs 5,000 crore in FY 2023-24 as against Rs 3,500 crore in FY 2022-23,” the Defence Ministry said in a statement on Wednesday.

“The allocation under this segment has doubled in two years since FY 2021-22. This will boost the Border infrastructure thereby creating strategically important assets like Sela Tunnel, Nechipu Tunnel &Sela-Chhabrela Tunnel and will also enhance border connectivity,” the statement added.

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In a significant hike, the Defence Ministry has been allocated Rs 5.94 lakh crore for the financial year 2023-24.

This was an increase of 13% from last year’s defence budget, which was ₹5,25,166 crore.

When compared to the first defence budget by the current central government led by Prime Minister Narendra Modi, this year’s allocation is a massive jump of over 100%.

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The defence sector was allocated the biggest amount of money in budget 2023-24.

While announcing the 2023-24 Union Budget, Finance Minister Nirmala Sitharaman allocated eight percent of the total budget for the defence sector.

The Union Finance Minister added that in the budget 2023-24, emphasis has been laid on self-reliance in the defence sector as part of the ‘Atmanirbhar Bharat’ initiative of the PM Modi government.

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First Published:Feb 01, 2023, 19:25:27 IST
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