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The Prime Minister of India has renewed a deal with Israel by $0.5 billion, cancelled a month ago

The Prime Minister of India Narendra modi has cancelled the decision on cancellation of the transaction on acquisition of the Israeli company «Rafael» 8 thousand anti-tank guided missiles Spike in the amount of $ 500 million.

According to the Indian Defense News, the deal will be carried out in the category of intergovernmental agreements after the military insisted on the purchase of missiles, tested in real fighting, and military control of research and development withdrew its objections on the condition that purchased will only missiles, not technology.

The newspaper also reports about the intention of the Indian army to buy Israeli assault rifles.

We will remind that in November of 2017, the Indian media reported the decision of the Ministry of defence of India not to sign a contract for the purchase of a large consignment of anti-tank missiles Spike. The decision to cancel the deal was made at the last moment, when he was reached agreement with the «Raphael» and obtained the consent of all instances.

The Ministry concluded that the procurement of missiles can damage the program of development of own defense industry. The publication quoted a senior source claiming that local companies have already developed anti-tank missile Nag and Anamika, and within three or four years will be able to develop a third generation system without the need to purchase foreign technology.

2 January 2018 the management of the Israeli company «Rafael» has confirmed the fact of receipt from the Ministry of defence of India official notification about the cancellation of deals worth about $ 500 million.

Note that January 14 will begin the visit of the Prime Minister of Israel Benjamin Netanyahu in India, which will be attended by the leaders of Israeli defense companies.

The Prime Minister of India has renewed a deal with Israel by $0.5 billion, cancelled a month ago 10.01.2018

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