India scraps $500 mn arms deal with Isreal after DRDO promises to ‘Make in India’


India scrapped a $500 million deal for the purchase of Spike anti-tank missiles from Israel’s state-run Rafale Advanced Defense Systems after Defence Research & Development Organisation (DRDO) promises to deliver Indian made alternative in two years.

Israel authorities were informed by the Indian officials about the contract being annulled in favour of DRDO as it claimed that with a partnership with VEM technologies Ltd, it would develop a similar missile at a lower price, reported the Indian Express.

Officials also told the newspaper that the production of domestic missiles by DRDO was favoured due to the fast progressive second stage of testing Man-Portable Anti-Tank Guided Missile (MPATGM).

DRDO claimed, according to the report, that the MPATGM was successfully test-fired at the Admednagar range last September.  Read More

You may also read!

Cross-LoC bus service from Poonch to Rawalakot suspended, 42 PoK residents stranded

The weekly Poonch- Rawalakot bus across the Line of Control was suspended on Monday, following PoK's apparent decision to

Read More...

US mulls leaving significant intelligence assets in Afghanistan after troop withdrawal

The US is considering leaving "significant intelligence" assets behind after withdrawing its troops from Afghanistan as it does not

Read More...

All CAPF personnel to retire at 60 years: Government order

All personnel working in the Central Armed Police Forces (CAPFs) will now retire at a uniform age of 60

Read More...

Mobile Sliding Menu