The Prime Minister of Israel Benjamin Netanyahu, complimented Prime Minister Narendra Modi about the ‘Make In India’ concept when Modi landed in Tel Aviv. This was, according to reports his genuine interest an unprecedented decision to assemble Israeli missiles in India. The two countries came to several agreements on Wednesday. The most important of them was to establish a joint company between Israeli Aerospace Industry and an Indian company (name not disclosed,) to build and also maintain the missiles in India.
The two countries came to several agreements on Wednesday. The most important of them was to establish a joint company between Israeli Aerospace Industry and an Indian company (name not disclosed) to build and also maintain the missiles in India.
This project is expected to be worth $ 1 Billion and another expected follow up deal of $ 2 Billion is led by the Israel Defence major, Rafael Advanced Defense Systems. This implies India and Israel will be building and running a joint military industry.
Netanyahu and Modi are said to be very keen on the partnership. According to sources, “So, what may begin as the assembling of Israeli technology could soon, probably, develop into a joint industry.” Israel currently has most of their defense equipment production factories in the US.
The experts opine that Israel’s decision might not go well with the President of US Donald Trump’s administration. Reports say this might be perceived as endangering the ‘America First’ policy as it reduces jobs in the United States. This might be contradicted as in the end of June during Modi’s visit to the US, the US defense major Lockheed Martin also agreed to produce F16s in India.
