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 ...
India-France Rafale deal reaches final stages
The Dollar Business Bureau The negotiations over the deal of 36 Rafale fighter jets between India and France is in its final stages, with the deal to be settled down at around Rs.65,000 crore ($9 billion), according to the sources from the Ministry of Defence. Both the countries were hopeful of closing the strategic deal during the visit of French President Francois Hollande to India in January, but things didn’t materialise over price negotiations. The development in the 36 Rafale combat jets deal came after the two countries managed to curtail off their differences over the matter of pricing. The sources from ministry said, “The deal is in the “final stages” yet. However, the final deal could be closed by May end, this ...
India to buy 36 ready-fly fighter jets from France
The Dollar Business Bureau The Governments of India and France, on Saturday, agreed and signed various deals which include a long-pending defence deal, among others. According to the defence reports, the Prime Minister has asked the Government of France to supply 36 ‘ready-fly’ Rafale fighter jets to the Indian Air Force, reviving the deal that has been pending over years. Besides defence deal worth around $4 billion, the deals for cooperation in the field of civil nuclear energy, tourism, building smart cities, were also agreed between the two sides. Both sides agreed upon a ‘Jaitapur Nuclear Plant’ deal, as a part of cooperation in the field of civil nuclear energy too. Francois Hollande, President of France, has announced ...
