DAC likely to discuss buying S-400 missile system

Image
IANS New Delhi
Last Updated : Apr 03 2017 | 4:28 PM IST

Don't want to miss the best from Business Standard?

A Defence Acquisition Council meeting to be held here on Monday is likely to discuss acquisition of S-400 missile systems from Russia, informed sources said.

The long-range air defence missile system is capable of destroying incoming hostile aircraft, missiles and drones at ranges of up to 400 km.

Defence Minister Arun Jaitley will chair the meeting, his first after taking charge as the Defence Minister after Manohar Parrikar went back to Goa to take over as the Chief Minister of the state last month.

The deal worth over $5-billion or around Rs 33,000 crore for the S-400 defence system was signed during Russian President Vladimir Putin's visit to India last year.

The sources said India is likely to remove an offset clause from the deal.

The delayed government policy on strategic partner which awaits final clearance, will, however, not be taken up at the meeting of the DAC -- the apex decision-making body of the Defence Ministry, the sources added.

--IANS

ao/tsb/vt

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 03 2017 | 4:20 PM IST

Next Story