By : Oneindia Video Team
Published : February 25, 2017, 11:41
Duration : 01:42
PM Modi to sign Rs 17,000 crore missile deal with Israel
Prime Minister Narendra Modi is likely to sign the deal during his possible visit to Israel later this year that will also mark the 25th anniversary of the establishment of diplomatic relations between the two countries. The Cabinet Committee on Security, at a meeting chaired by PM Modi gave the go-ahead for joint development of a medium-range surface-to-air missile (MR-SAM) for the Indian Army by the state-owned Defence Research and Development Organisation (DRDO) and Israel Aircraft Industries (IAI), reports said. The deal for 40 firing units and about 200 missiles is valued at around Rs 17,000 crores.