NEW DELHI, Jan. 2 (Xinhua) -- India's Defense Minister Nirmala Sitharaman Tuesday cleared two procurement proposals for purchase of 240 bombs and 131 Barak Missiles, officials said.

The first proposal is related to procurement of 240 bombs from a Russian company JSC Rosonboronexport, while as second proposal is related to procurement of 131 Barak Missiles and associated equipment from Israel's Rafeal Advance Defence Systems Limited.

"These bombs, which fall under the category of precision guided munitions (PGM), are used by Indian Air Force (IAF)," a statement issued by Indian defense ministry said.

According to officials the procurement will address the deficiency of PGM in the IAF arsenal, besides enhancing their offensive capabilities.

The Barak Missiles are surface to air missiles designed to be used as a ship-borne anti-missile defence system against anti-ship missiles, officials said.

The bombs would be procured at a cost of 197 million U.S. dollars while as missiles at a cost of 72 million U.S. dollars.