March 2001 News

J&K ceasefire yielding good results

6 March 2001
The Times of India

VISHAKHAPATNAM: Fernandes VISHAKHAPATNAM Defence minister George Fernandes on Tuesday said the ceasefire in Jammu and Kashmir was yielding good results and people had welcomed the positive trend after the ceasefire. "There has been no firing on the Line of Control (LoC) and international border for the past four months," he told reporters here after visiting the Eastern Naval Command. He said two Russian companies had shown interest in the manufacture of the indigenously developed Light Combat Aircraft (LCA). "India was also contemplating to go in for joint production of defence armaments with some countries," he said. However, he refused to divulge the names of the countries. Welcoming the allocation of Rs 62,000 crore in the general budget for defence, Fernandes said, finance minister Yashwant Sinha had promised additional funds during the current fiscal. "There is no paucity of funds for national security," the minister asserted. Earlier, the minister visited Eastern Naval Command and appreciated the Navy's efforts at the indigenisation of various machinery and equipment. He also visited the recently inaugurated submarine museum at Ramakrishna Beach. (PTI)   

 

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