June 18, 2018

India may revive missile megadeal with Israel

13 January 2018, 03:46 | Taylor George

India may revive missile megadeal with Israel

Prime Minister Benjamin Netanyahu speaks at the Globes Business Conference at the Jerusalem Convention Center

In a statement issued on the visit, the Israeli ambassador Daniel Carmon said, "The Prime Minister's visit to India is the grand finale to the celebrations of 25 years of growing partnership between India and Israel".

"I don't think it can influence the relationship".

The high-level meetings testify to Israel's diplomatic stature, which he said flows from the country's economic and military strength. "That is why we are two countries, two members of the United Nations".

The 193-member U.N. General Assembly agreed to hold a rare emergency special session on December 22, at the request of Arab and Muslim countries, to vote on a draft resolution, demanding the US reverse its decision. He will attend the Raisina Dialogue in New Delhi besides meeting with Prime Minister Narendra Modi. After debates, each lasting long hours, in which ministers tried to reduce the cuts to their budgets, it was decided to make significant budgetary additions to the social welfare ministries.

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. Apart from Mr. Modi's visit to Israel, President Pranab Mukherjee and External Affairs Minister Sushma Swaraj have also visited Israel in the last three years.

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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 a year ago.

During his stay, he will also visit Gujarat and Mumbai.

During his terms in office as prime minister - in 1996-1999 and from 2009 till now - Netanyahu has visited Russian Federation 12 times. From the ashram, the two prime ministers would go to "iCreate", an autonomous centre that mentors budding entrepreneurs and later, the Sabarkantha-based centre of excellence for agriculture.

"Since we talk about democracies, similar values, similar challenges..., the relationship is so strong between both the countries that our feeling is (that) nothing can reverse it", he said. Commenting on the composition Prime Minister Netanyahu's team, officials said that an Israeli business delegation will accompany him.

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