GS Advance Program for UPSC Mains 2025, Cohort - 1 Starts from 24th October 2024 Click Here for more information
Spike missile deal back on the table
Context
Israeli PM says scrapped $500 million deal is being revived. Agreement seen reflecting burgeoning defense, business ties
Deal is still on
India will buy Israel’s Spike anti-tank guided missiles, the Israeli media quoted Prime Minister Benjamin Netanyahu as saying, weeks after New Delhi scrapped the $500million defence deal.
Major strategic achievement
The deal was cancelled a few weeks ahead of Mr. Netanyahu’s visit to India and its renewal is considered a “major strategic achievement”, the reported.
