The contract will be carried out with Bharat Electronics Ltd, which serves as the main contractor in the project as part of India's "Make in India" policy.
Israel's Barak 8 long-range surface-to-air missile system was successfully tested last week aboard an Indian navy ship. During the trial scenario an airborne threat was identified and an intercepting missile was launched, which destroyed the target.
Get Breaking news, live coverage, and Latest News from India and around the world on NDTV.com. Catch all the Live TV action on NDTV 24x7 and NDTV India. Like us on Facebook or follow us on Twitter and Instagram for latest news and live news updates.