Part of: GS Prelims and Mains II and III –India-Israel ties; International relations or bilateral relations; Defence
In news:
India invited greater participation from Israeli defence companies under the new liberalised foreign direct investment (FDI) regime in defence manufacturing.
Indian Armed Forces are undertaking a series of emergency defence purchases, including from Israel, amid ongoing tensions with China on the border.
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In May, the government increased the limit for FDI in defence through the automatic route from 49% to 74%.
India and Israel are also collaborating in research to fight the COVID19 pandemic.
India’s defence deal with Israel – India to order more Spike Anti-Tank Guided Missiles (ATGM) and additional Heron Undermanned Aerial Vehicles (UAV) from Israel.
