"The MoU heralds the commencement of development of MRSAM system in the configuration as required by the Army," a senior Army official said.
He said the missile will be produced by the DRDO in collaboration with the Israel Aerospace Industries (IAI). The missile will be capable of engaging multiple aerial targets at a range of more than 50 kms.
In April, Israel's state-run IAI had said it signed a contract with India worth over USD 1.6 billion for providing the missile to the Army.
He said procurement of the MRSAM will mark a paradigm shift in the the Army's strike capability.
The Army has been pressing the government for the MRSAM to enhance its strike capability.
MRSAM's current version is operational with the Indian Air Force and Navy.
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