India called off an order to buy Spike anti-tank missiles from Israel

Vastavam web: India has called off an order to buy Spike anti-tank guided missiles from Israel’s state-owned defence contractor Rafael, the company said on Wednesday.The deal was worth about $500 million and the announcement of its termination came a couple of weeks before Israeli Prime Minister Benjamin Netanyahu is due to visit India.

“Rafael regrets the decision and remains committed to cooperating with the Indian Ministry of Defence and to its strategy of continuing to work in India, an important market, as it has for more than two decades, to provide India with the most advanced and innovative systems,” the firm said in a statement.The two countries have grown closer since Indian Prime Minister Narendra Modi took office in 2014, widening commercial cooperation beyond their longstanding defence ties.Modi became the first sitting Indian prime minister to visit Israel last summer, and Netanyahu will fly to India on Jan. 14.