Missile Purchase

Zelenskyy further emphasised Ukraine's top priority is to equip its defence forces with long-range capabilities to prevent Russia's terror attacks

The Harpoon missile system acquisition is expected to cost around USD 80 million to the Indian Navy under a foreign military sales route

Margins for state-owned firm that specialises in missiles would be range bound given higher raw material costs

The joint venture, with a 50.5% Indian and 49.5% Russian partnership, fits into PM Modi's flagship make-in-India programme

To be lethal against warships and shore targets at 400 km; deal value Rs 1,700 crore

With the hurdle of cost negotiations crossed, only the Cabinet's concurrence remains for the deal to be ready for signing