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 ...
US committed to cooperation with India through DTTI
The Dollar Business Bureau The Government of India’s growing efforts towards stronger relations with the United States, is signaling a shift-away of its defence co-operation towards the United States from erstwhile Russia. The latest reports say that India is keen on importing the US state-of-the-art Aircraft Carrier Technology to boost the Indian Navy. A proposal to this effect was supposedly raised in a joint statement at the end of Obama’s recent visit to India, say the sources. According to a report from the Indian Defence & Research Wing (IDRW), Ashton Carter, a top US defence official and Obama’s nominee for US Defence Secretary was quoted to have said, “If confirmed, I will take a stronger interest in strengthening US-India ties ...
