India-Israel relations take a hit after cancelled missile deal

World

Published: 2017-11-22 13:12

Last Updated: 2017-11-22 13:12


The deal was $500 million. (Photo: Rafael Advanced Defense Systems)
The deal was $500 million. (Photo: Rafael Advanced Defense Systems)
Roya News Source

The Boycott, Divestment, Sanctions (BDS) movement on Tuesday announced that India cancelled a $500M missile deal with the Israeli Rafael Advanced Defense Systems, a company responsible for the manufacturing, supplying, and developing of military defense products.

The deal involved India's purchasing of Israeli anti-tank guided missiles. However, after years of Israeli production, the Indian Ministry of Defense asked its Defense Research & Development Organization to develop its own missiles, cancelling its contract with Israel.

Although this decision suggests a strong need for Indian self-reliance, it will have major repercussions on the country's ties with Israel.

India and Israel's diplomatic relations were formally established in 1992, and since then the bilateral relationship between the two countries have developed on economic, military, agricultural and political levels.

In relation to their military cooperation, the Indian Ministry of Defense once stated that "India is Israel's top destination for arms exports, buying 41 per cent of export between 2012 and 2016, according to the Stockholm International Peace Research Institute, an independent global conflict and arms-research institute".

While this move was not deliberately in favor of Palestine, it is definitely enough reason for Palestinians to rejoice.