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				 India, which 
				shares borders with nuclear-armed China and Pakistan, is likely 
				to spend $250 billion over the next decade to upgrade its 
				military. 
				 
				It is the world's biggest buyer of defense equipment but Modi is 
				trying to build a defense industrial base in the country to cut 
				overseas purchases. 
				 
				The test-firing of the missile system, jointly developed by 
				India and Israel, was carried out by warship INS Kolkata, the 
				Ministry of Defence said in a statement said. 
				 
				Defense industry told Reuters last year that the value of the 
				Barak 8 project was $1.4 billion. 
				 
				The aerial defense system includes a radar for detection, 
				tracking and missile guidance. 
				 
				Only a small club of countries including the United States, 
				France, Britain and Israel possess such capability, a Defence 
				Research and Development Organization spokesman said. 
				 
				Israel is one of India's top three arms suppliers, delivering 
				items such as missiles and unmanned aerial vehicles, but such 
				transactions were long largely unpublicised because of India's 
				fear of upsetting Arab countries and its own large Muslim 
				population. 
				 
				(Additional reporting by Jatindra Dash; Editing by Robert 
				Birsel) 
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