Saturday, 25 February 2017

India clears Rs 17,000 crore mega-missile Deal with Israel

India clears Rs 17,000 crore mega-missile Deal with Israel:

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A rs 17,000crore deal has been cleared by the government for jointly developing with Iarael a medium-range surface-to-air missile (MR-SAM) for the army,reflecting india's fast growing defence ties with the newish nation.
The project will be implemented by the DRDO(Defence Research and Development Organisation)and and Israeil aircraft industry(IAI)
The approval for the deal comes ahead of a possible visit of prime minister Narendra Modi to Israel later this year.
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 apporved the missile deal,source said.

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