"In parallel with the deployment of the S-300, work on Bavar-373 system is underway," Farzad Esmaili told state broadcaster IRIB yesterday.
"The system is made completely in Iran and some of its parts are different from the S-300. All of its sub-systems have been completed and its missile tests have been conducted."
Bavar (which means "belief") is Tehran's first long-range missile defence system, and is set to be operational by March 2018, he added.
In 2010, Iran began manufacturing Bavar-373 after the purchase of the S-300 from Russia was suspended due to international sanctions.
On Saturday, the new defence minister Amir Hatami said Iran has "a specific plan to boost missile power".
He said he hoped "the combat capabilities of Iran's ballistic and cruise missiles" would increase in the next four years.
The comments came amid increasing tensions with Washington, which has passed new sanctions against Iran's ballistic missile programme.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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
