Image Source : PTI Defence Minister Rajnath SinghDefence Minister Rajnath Singh on Sunday (October 1) emphasised on the need for stronger armed forces with modern equipment to become a developed nation by 2047 while also noting that there is a need for effective utilisation of financial resources by the three services. “If we wish to create a developed nation, we will need stronger armed forces with modern arms and equipment. Therefore, it is necessary to effectively utilise the financial resources available to us,” Singh said. “There should be a fine balance between the demands of services and the allocation of available resources,” he added. Singh suggested the creation of an in-house mechanism, a standing committee of experienced people who can research and study market forces and provide high-quality market intelligence to the field officers.

Source: Daily Nation October 01, 2023 12:55 UTC