Friday, 17 August, 2018

India Considers Israeli Spike Missiles Deal Through G-to-G Route

India says $500 million missile deal with Israel will move ahead Spike anti-tank guided missile India says $500 million missile deal with Israel will move ahead
Kenny Thornton | 13 January, 2018, 03:47

Not disheartened by Indias vote against Israel at the UN General Assembly on the issue of Jerusalem, Prime Minister Benjamin Netanyahu has expressed hope that bilateral ties would receive a further boost during his milestone visit to the country. "Ultimately. we would like to see improved ties translate to support in global forums", he said, conceding that it "takes some time for improved relations to be expressed on the worldwide front".

The envoy also said that sometimes India comes with a request (at the UN) and sometimes Israel does.

The bilateral trades between the two countries is 5 billion U.S. dollar.

Prime Minister Narendra Modi will once again host a foreign dignitary in the city of Ahmedabad next week, this time Israeli Prime Minister Benjamin Netanyahu.

"The votes at the United Nations have been on the joint agenda of India and Israel".

To try and drive home the point that it did not wish to be a mere buyer but wanted to attract manufacturing investments, India first cancelled and then said a $500-million deal to buy 8,000 Israeli Spike anti-tank missiles could be revived. Over 150 corporate leaders will be accompanying the prime minister on the trip.

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In November, the defence ministry had made a decision to retract the process to acquire a batch of Spike missiles from Israeli firm Rafael Advanced Defence Systems, a deal which would have been worth $500 million, after the Defence Research and Development Organization (DRDO) expressed confidence of producing the indigenous Nag ATGM.

Indian diplomats told the Hindustan Times on Wednesday that the ministry had no objection to the Indian army buying the Spike missiles.

Also, as part of the Modi government's effort to woo global manufacturers to set up units in the defence sector, the government has exempted them from excise and customs duties previous year.

Israeli ambassador to India Daniel Carmon has termed it a historic visit, which will strengthen the growing partnership between the two countries.

"Israel not only supported the Indian candidate, Israel with four more countries adopted this candidate as its own", Carmon said. It is reported that he will be accompanied by the relatives of the Jewish priest who was killed along with his wife in the 26/11 attack in Mumbai.

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