BLR Eagle

  • Home
  • News
  • Education
  • Entertainment
  • Technology
  • Health
  • Sports

India suspends $500 million worth deal with Israel

November 21, 2017 by BLR Eagle Leave a Comment

The Indian government suspended a $500 million mega-deal with Israel, writes the Indian media

However, this major decision might endanger the diplomatic relations between India and Israel, notorious tabloid claims.

The mega-deal was, initially, validated by a decision signed in New Delhi in 2014 by which India was supposed to acquire Rafael Advanced Defense System Spike anti-tank missiles.

Instead, according to Indian Express, the government has urged the government’s Defense Development and Defense Department to develop its own anti-tank missiles.

India decided to purchase the “Spike” missiles in 2014, choosing the Israeli government as a contractor instead of going for the “Javelin” missiles offered by the United States.

According to the 2014-2015 reports, India was set to buy at least 8.000 Spike missiles and more than 300 launchers in a deal worth over $500 million.

The cancellation of the deal is a great disappointment in terms of improving the diplomatic relations between Israel and India and comes just months after Israel’s Aerospace Industries signed a $630 million deal with state-owned Indian company Bharat Electronics Limited, which predicted Israel will provide for India the naval variant of Barak 8 defense systems for four different ships.

Filed Under: Business Tagged With: India Israel, India mega-deal Israel

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • This train traveled on the wrong route for 2 hours
  • Toyota & Suzuki seal partnership to enter the Indian market
  • “COCO” just upstaged “Justice League” in earnings
  • Slice of cake from Princess Diana’s wedding, to be auctioned
  • Russia and India join forces
  • A “no-beggars” policy was imposed in Hyderabad
  • Iulia Vantur calls Salman, her “home”

Copyright © 2022 · News Pro Theme on Genesis Framework · WordPress · Log in