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| Spike missile (Wiki Info - Image: Wiki Commons) |
NEW DELHI — India has chosen to buy anti-tank guided missiles from Israel, rejecting a rival US offer, as the right-wing government clears projects worth $13.1 billion to modernize its aging military, official sources said Sunday.
Prime Minister Narendra Modi’s government will buy 8,356 Spike missiles and 321 launchers from Israel in a deal worth 32 billion rupees ($525 million), defence ministry sources told AFP.
The government is moving to speed up long-delayed defense 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 neighbor 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.
Read the full story at DefenseNews