India & Israel INR 17,000 Cr missile deal cleared
A INR 17,000 crore deal has been cleared by the Indian government for jointly developing with Israel a medium-range surface-to-air missile (MR-SAM) for the army, reflecting India’s fast growing defence ties with the Jewish nation.
The project will be implemented by the Defence Research and Development Organisation (DRDO) and and Israeli Aircraft Industry (IAI).
The approval for the deal comes ahead of a possible visit of PM Narendra Modi to Israel . 2017 marks the 25th anniversary of establishment of diplomatic ties between the two countries.
A meeting of the Cabinet Committee on Security, chaired by Prime Minister Narendra Modi, on Wednesday approved the missile deal, sources said.
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.
India is Israel’s largest buyer of military hardware and the latter has been supplying various weapons systems, missiles and unmanned aerial vehicles over the last few years but the transactions have largely remained behind the curtains.
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