This is a direct reaction to the purchase of F16s by Pakistan. The Indian's are afraid that Pakistan will be able to knock out or severely damage India's nuclear capability with an F16 strike. This new missile system, as the article noted, is geared towards protecting India's "strategic assets" AKA nukes. Its unfortunate that while hundreds of millions of people languish in abject poverty in the subcontinent, the leaders of India and Pakistan continue to buy weapons that only make Western countries rich and keep them poor.
Yemen's Houthi rebels commit to peace plan in letter to UN chief, BBC reports (Haaretz)
from the article: Report: India, Israel to jointly develop $2.47b. missile system