The Army had sent the proposal in this regard in 2010 but it was returned by the Government asking the three Services to work together on plans to strengthen their capabilities in that region.
The around Rs. 64,000 crore proposal is in the final stages of being vetted by the three Services and is expected to be sent to the Government very soon, they said.
The Army has plans to raise the new Corps in Panagarh in West Bengal and a number of new armoured and artillery divisions along with it to be deployed along the Northeast.
The Army has been taking a number of steps to strengthen its defences along the China border and raised two Divisions there in recent past.
The IAF has also decided to deploy its C-130 Super Hercules transport aircraft in Panagarh only.
In the presentation before the Prime Minister, the Army Chief is also expected to brief the Prime Minister on the "hollowness" faced by the force in its defence preparedness.
The Army is in the process of identifying more areas where it is facing shortfalls and they will be added in the presentation before the PM, the sources said.