India to buy $2 billion missile systems from Israel
The Dollar Business Bureau India, one of the world's largest defence importers, and Israel, globally known as a top exporter of military prowess, have signed a historic defence trade deal of $2 billion. Under the said deal, Israel will provide India with advanced surface to air missile (SAM) systems. These defence systems are used to target enemy aircraft, drones and missiles within a 50 km - 70 km range. The mega defence deal is a big step towards expanding bilateral defence cooperation between the two countries ahead of PM Modi's visit to Tel Aviv in July, 2017. This will also give a fillip to the total trade between India and Israel which stood at $4.9 billion as of 2015-16, registering negative growth every year since 2011-12, when it was at a high of $6.7 billion. Under the agreement, Israel has agreed ...
Reliance Defence partners Russian firm to develop air missile systems
The Dollar Business Bureau Reliance and AlmazAntey discussed the joint implementation of modernisation, repair and deep overhauls of ‘AlmazAntey’ systems already in service with the Indian armed forces Reliance Defence Ltd. and AlmazAntey - Russia’s leading developer and manufacturer of air defence missile systems - have agreed to develop the entire range of AD missile and radar systems required for Indian defence forces. “DAC approval for acquisition of S-400 air defence missile systems creates business opportunity of about $6 billion (Rs 40,000 crore),” Reliance Ltd. said in a statement. The two companies identified the air defence missile systems including the TOR-1M missile program, radars and automated control systems as areas of partnership under the ‘Make in India’ programme as well ...
