Jerusalem sources have stated that India will buy Israel's Spike anti-tank guided missiles, Israeli media on Wednesday quoted Prime Minister Benjamin Netanyahu as saying, weeks after New Delhi scrapped the USD 500 million defense deals. Meanwhile the deal was cancelled a few weeks ahead of Netanyahu’s visit to India and its renewal is considered to be a "major strategic achievement".
Meanwhile Netanyahu, who is on a six-day visit to India, said the final
details and scope of the deal are still in the process of being worked out. Further
another leading Israeli daily 'Haaretz' reported that the deal is "back on
the table".
Earlier the official sources in New Delhi had indicated that the proposal
to acquire the missile system faced hurdles when Israeli side apparently
expressed reservations in ensuring full transfer of technology as per the
provisions of the 'Make in India' initiative. Accordingly the company had
recently inaugurated its facilities in Hyderabad where the project was to be
executed.
