Barbara Opall-Rome
TEL AVIV — Israel’s top two state-owned firms are flagging strengthened ties to the Indian market, with Israel Aerospace Industries (IAI) reporting “hundreds of millions of dollars” in deals during the past quarter while Rafael is establishing a joint venture with one of India’s largest conglomerates.
In remarks Wednesday at the Indian Defexpo 2016 trade show in Goa, India, IAI President and CEO Yossi Weiss cited the firm’s 25 years of activities in the Indian market in support of Indian government customers.
He noted that IAI executives met with dozens of top Indian officials and partners during this week’s event, and that IAI has registered “hundreds of millions of dollars” in sales spanning UAV, air defense, radar and naval warfare sectors.
“The deals that were signed in the last months are a manifestation of the central and prominent partnership between India and IAI,” Weiss said, according to a statement released by his firm.
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