PM clears Rs 17,000 Crore Air Defence Missile Deal

New Delhi, Feb 23: Prime Minister Narendra Modi has cleared the proposal to purchase an air defence missile system from  Israel. India will acquire the Medium Range Surface to Air Defence Missile system from Israel for Rs 17,000 crore. The Army will induct more than five regiments of MRSAM, which will have around 40 firing units and over 200 missiles. The MRSAM system, jointly developed by DRDO and Israeli Aircraft Industry, reportedly can shoot down enemy aircraft between 50 to 70 km range.

The delivery of the first system for the Army units will begin in 72 months of the signing of the contract and they would be ready for deployment in field areas by the year 2023, the report said.

 

 

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