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Monday, June 16, 2008

Govt allots Rs2,500 cr for Agni-V

The Union government has sanctioned Rs2,500 crore for developing the country’s most ambitious missile, a nuclear-capable Agni-V with a range of 5,000 kilometres — one step short of an intercontinental ballistic missile (ICBM).

Agni V is expected to emerge as a credible key nuclear delivery weapon in about seven years time.

Sources said a high-level committee headed by Prime Minister Dr Manmohan Singh sanctioned the budget for Agni-V, the biggest indigenous single missile project, a few days ago.

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