19 November 2014

News Story: India Removes IMI From Blacklist


May Initiate New Arms Talks

By VIVEK RAGHUVANSHI 

NEW DELHI — India has quietly lifted a ban on Israeli Military Industries (IMI), paving the way for negotiating new defense projects with the Israeli company, a Defence Ministry source said.

The MoD has not publicly announced the lifting of the ban, imposed in 2009, but communicated its decision to IMI in September, the source said.

No Indian MoD official would confirm the lifting of the ban, nor would any diplomat of the Israeli Embassy comment. IMI officials in Israel declined to comment on the report.

The former Indian United Progressive Alliance government imposed the ban after alleged corruption charges, but India’s anti-fraud agency, the Central Bureau of Investigation (CBI), could not prove the charges against IMI, the source added.

Read the full story at DefenseNews