Breaking News

Asia Today ISSN 1861-4604 Tuesday, October 16, 2018

Headline

Before Netanyahu’s visit, India nixes deal with Israel

$500 million Israel anti-tank missile deal

Share on Facebook January 3, 2018, Reporter : BNN, Reader : 653

news

NEW DELHI, India - Days before Israeli Prime Minister Benjamin Netanyahu’s visit to India, authorities in India are said to have cancelled a $500 million Israel anti-tank missile deal.

An Israeli arms company, Rafael Advanced Defence Systems said the Indian Defence Ministry cancelled the $500 million Spike missile deal.

The company said the cancellation of the anti-tank missile order came before the contract was signed, arguing that India nixed the deal despite the company having fulfilled all its requirements. 

Ishai David, a spokesman for the Rafael Advance Defence Systems said, “Rafael has now received an official notification from Indias Ministry of Defence concerning the cancellation of the Spike deal. It should be emphasised that the cancellation was made prior to the signing of the contract and despite Rafaels compliance with all the demands.”

The company added in its statement, “Rafael regrets the decision and remains committed to cooperating with the Indian Ministry of Defence and to its strategy of continuing to work in India, an important market, as it has for more than two decades, to provide India with the most advanced and innovative systems.”

However, on Tuesday, India announced that it would buy 131 Barak surface-to-air missiles from Rafael Advanced Defence Systems in a $70 million deal.

The Barak missiles, also made by Rafael Advanced Defence Systems, are to be used for India’s first aircraft carrier which is currently under construction.

Over the last few years, Israel has become a major defence supplier to India, selling an average of $1 billion of military equipment each year.

In mid-January, Netanyahu will lead a business delegation to India on a four-day trip.

India is the centrepiece of Netanyahu’s initiative to cultivate ties with developing nations that have traditionally supported the Palestinians.

However, last month, India favoured the Palestinians by voting in support of a UN resolution denouncing the Trump administration’s recognition of Jerusalem as Israel’s capital.

Since Prime Minister Narendra Modi came to power in 2014, India, which has long-standing territorial disputes with neighbours China and Pakistan, has signed several big-ticket defence deals.

However, it has been moving away from relying on traditional ally Russia for military hardware.

In April last year, the two countries signed a military deal worth nearly $2 billion which includes the supply over several years of medium-range surface-to-air missiles, launchers and communications technology.

So far, however, it is unclear whether the deal announced on Tuesday was part of that deal.

Meanwhile, the Indian defence ministry added that it had approved the purchase of 240 bombs from Russia’s JSC Rosonboron Exports for $188 million.

It said in a statement, “This procurement will address the deficiency of precision-guided munitions in the IAF (Indian Air Force) arsenal, besides enhancing the offensive capabilities of the IAF.”

 

More Euro Asia news of the month

Photos Rouhani visits India, signs pact on leasing port

NEW DELHI, India - During Iranian President Hassan Rouhani’s visit to India, the two countries signed crucial agreements on a...

Photos Priyanka Chopra to terminate contract with Nirav Modi

Mumbai [Maharashtra] [India], Feb 15 (ANI): Bollywood actress Priyanka Chopra has been seeking a legal opinion with respect to...

Photos Trump slams India for high import tariffs on Harley-Davidson

WASHINGTON, U.S. - As the Indian capital announced that the country was slashing customs duty on imported motorcycles from high-end...

Photos Mumbai Raza Academy demands viral song be deleted from Malayalam movie

Mumbai [India], Feb 14 (ANI): Raza academy of Mumbai on Wednesday passed a resolution against Malayalam movie 'Oru Adaar Love'...

Photos Jaish-e-Mohammed terrorists attack Indian Army camp

SRINAGAR, India - On Saturday morning, an Army camp in India’s northern Jammu and Kashmir state suffered a terrorist attack,...

Photos India recorded over 50,000 cyber security incidents in 2017

NEW DELHI, India - According to information presented to the Indian Parliament, the country’s IT Minister Ravi Shankar Prasad said...

Photos Google slapped with heavy fine in India for unfair practices

NEW DELHI, India - Delivering an order based on complaints that were filed in 2012, India’s Competition Commission slapped a huge...

Photos Mumbai airport becomes world's busiest single runway airport

MUMBAI, India - India’s second largest airport, the Mumbai airport became the world's busiest single runway airport this...

Photos India Open: Saina Nehwal bows out in quarters

New Delhi (India), Feb 2 (ANI): In what may come as a huge blow to the Indian fans, ace shuttler Saina Nehwal crashed out of the India...

Flying Reimagined

Stock Index

Tuesday, October 16, 2018

Life Style

Photo Gallery

FEUILLETON