The government of India has canceled Rs 3,300 cr order for 8,356 Spike anti-tank missiles that was to be produced in India by Bharat Dynamics Ltd, a government of India enterprise, in association with an Israeli company.
The anti-tank missiles were supposed to be have been produced with transfer of technology from Israel-based Spike. Preliminary approval for the deal was given in June 2009 and a ‘request for proposal’ (akin to a tender) was issued in April 2010.
However, said defence minister Nirmala Seetharaman, the government has ‘retracted’ the request for proposal for the missiles as on Dec 20, 2017.
This, she said, was done after the Defence Research and Development Organization was successful in creating an indigenous anti-tank missile that can be manufactured without the aid of any technology licensing from foreign companies. Read More…