Cabinet Committee on Security, chaired by Prime Minister has approved the missile deal with Israel.
A Rs. 17,000 crore deal has been cleared for jointly developing with Israel a medium-range surface-to-air missile (MR-SAM) for the army.
The MR-SAM, a land-based version of the long-range surface-to-air missile (LRSAM) for the navy, will have a strike range of up 70 km. The deal envisages 40 firing units and around 200 missiles.
The project will be implemented by the DRDO (Defence Research and Development Organisation)and and Israeli Aircraft Industry (IAI).
India is Israel’s largest buyer of military hardware and the latter has been supplying various weapons systems, missiles and unmanned aerial vehicles.
Year 2017 marks the 25th anniversary of establishment of diplomatic ties between the two countries.