India chooses Israel for $525m missile dealStaff writer ▼ | October 27, 2014
India has chosen to buy anti-tank guided missiles from Israel as the government clears projects worth $13.1 billion to modernise its ageing military, official sources said.
Big deal Anti-tank guided missiles
The government is moving to speed up long-delayed defence orders and bolster its military. The Israeli deal comes after recent firing along India's border with nuclear-armed rival Pakistan and tensions with giant neighbour China.
The procurement deals, worth 800 billion rupees ($13.1 billion) in total, were cleared at a meeting of India's Defence Acquisition Council, headed by Defence Minister Arun Jaitley, on Saturday.
"It has cleared a deal for Spikes," a defence ministry official, who asked not to be named, told AFP. "It's a fire and forget kind of missile," the official said, referring to the fact the missile locks onto targets before firing.
"You can say there was a rival bid from the US for its Javelin missiles," the official said, adding that India's army trialled the Spike missiles "successfully last year".
India, the world's biggest arms importer, is in the midst of a $100-billion defence upgrade programme and cleared proposals worth nearly $3.5 billion in June. ■