Canberra [Australia], February 21 (ANI): Australia announced its plans to build its largest navy since the Second World War, allocating more than USD 35 billion for the defence project over the next 10 years, CNN reported. The analysts have pointed out that this move is due to heightened tensions with China in the Indo-Pacific region. “The plans will see the Royal Australian Navy boost its fleet of major surface warships to 26 in total after an independent review led by a retired US Navy admiral found “the current and planned surface combatant fleet is not appropriate for the strategic environ…