India Will Buy Supersonic Missiles in $431 Million Arms Spending

(Bloomberg) -- India will buy locally-manufactured BrahMos supersonic missiles as a part of its 30 billion rupees ($431 million) defense-spending plan.

A panel chaired by Defense Minister Nirmala Sitharaman also approved buying armored recovery vehicles, or ARVs, for its battle tanks, according to a statement from the ministry.

BrahMos will be procured for two navy ships that will be built in Russia, while local firm BEML Ltd. will produce the ARVs, the ministry said.

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