Business / Industry Sectors
India cancels Israel Military Industries boycott - report
20/11/2014
The cooperation between IMI and Indian Ministry of Defense could see potential joint projects including development of battle tanks for the Indian army.

Without fanfare, India has retracted its 2009 boycott of Israel Military Industries Ltd. (IMI). The measure will pave the way for negotiations between IMI and the Indian Ministry of Defense on potential joint projects, including development of a battle tank for the Indian army, according to a report from New Delhi by US periodical "Defense News."

 

The information is attributed to a source in the Indian Ministry of Defense. The ministry has not published an official announcement that the boycott was removed, but notified IMI management of its decision in September. Indian Ministry of Defense officials and diplomats in the Israeli embassy in New Delhi did not confirm the report. According to "Defense News," IMI management sources did not respond to the report. 

 

According to "Defense News," now that the boycott has been removed, the Indian Ministry of Defense plans to consider new possible defense projects with IMI. One possible project is a partnership in the development of a battle tank for the Indian army and the establishment of a factory for joint production of various types of munitions, particularly 155-mm artillery shells. IMI was a leading contender in the competition for developing the tank before the boycott. In addition, due to the boycott, the Indian Ministry of Defense canceled IMI's win in a tender for the production of a system for loading 155-mm ammunition slated for production at an OFB facility. 

 

Source: Globes Israel Business Arena

 

Register your company in our INDEX OF COMPANIES

 


Have comments? Write to us | Send to a friend | Print |
Share |
ad
ad
ad
ad
ad
ad