India clears proposal to buy 262 Israeli missiles

Indian Defense Ministry Monday cleared a proposal to buy 262 missiles from Israel to arm the Barak-I anti-missile defense systems for the Indian Navy, said local media reports.

The defense system would be fitted on the navy's frontline warships and the Indian Navy was running low on Barak missiles, said Hindustan Times online.

The proposal was shelved for several years as the country's Central Bureau of Investigation was probing a kickback case of the missiles in 2006.

The defense acquisition council (DAC) cleared the 8.8 billion rupee (140 million U.S. dollars) deal after the case is closed for lack of evidence.

Israel has denied allegation on kickback to India when the two countries signed the contract 11 years ago to purchase the missiles.