Israel Raises Profile in India To Protect Market Share
By Neelam Mathews Feb 18, 2015 Israel's Defense Minister, Lt. Gen. (ret) Moshe Ya'alon, this week became the first Israeli defense minister to visit India, despite the fact that Israel is one of India’s top-three military technology trading partners and that the two countries have had full diplomatic ties since 1992. Ya’alon told reporters at the Aero India show in Bangalore that the relationship between Israel and India is “finally out of the closet” and that his presence in the country is a sign of deepening relations. Responding to Indian Prime Minister Narendra Modi's speech at Aero India, in which he indicated, as part of his “Make in India” campaign, there could be further liberalization of India’s defense procurement policies, Ya’alon was non-committal about whether this might result in Israel's agreeing to a higher degree of technology transfer. Modi said that the 49-percent limit on foreign direct investment in Indian defense ...