The Indian side would prefer to get S-500 air defence system which has more range than the S-400 but it would require a clearance from the top Russian leadership for its sale, they said.
The missile will be capable of shooting down enemy ballistic missiles, aircraft, helicopters, drones, surveillance aircraft and AWACS (Airborne Warning and Control Systems) aircraft from a range of around 70 km.
The state-of-the-art advanced missile, a product of joint venture between India and Israel.
The MRSAM is amongst the most lethal surface-to-air missiles in service anywhere.
In a mega-contract worth over $1.6 billion, state-owned Israel Aerospace Industries will provide advanced medium-range surface-to-air missile systems to the Indian Army.
Asked whether the IAF can play a role in smashing terrorist training camps across the Line of Control in Jammu and Kashmir, he did not rule out such a possibility.
Modi's visit is aimed at commemorating 25 years of establishment of diplomatic ties between the two countries.
'In the Balakot operation, we had technology on our side, and we could launch precision stand of weapons with great accuracy.'