Union Minister of State for Defence Shripad Naik on Friday said expected orders for surface ships and submarines to be executed from 2020 to 2030 by the Indian Navy are to the tune of USD 51 billion. Naik was addressing a virtual meet on opportunities at Goa Shipyard Limited (GSL) and Mazagao Dock Shipbuilders Limited (MDSL), organised by the Confederation of Indian Industry (CII). The union minister said that more than 60 per cent of the Indian Navy’s budget is dedicated to capital expenditure and nearly 70 per cent of this capital budget has been spent on indigenous sourcing, amounting to nearly Rs 66,000