No Result
View All Result
  • Login
Tuesday, July 21, 2026
FeeOnlyNews.com
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
No Result
View All Result
FeeOnlyNews.com
No Result
View All Result
Home Business

As Modi visits, Israel-India defense cooperation deepens

by FeeOnlyNews.com
5 months ago
in Business
Reading Time: 5 mins read
A A
0
As Modi visits, Israel-India defense cooperation deepens
Share on FacebookShare on TwitterShare on LInkedIn


Indian Prime Minister Narendra Modi will make an official visit to Israel this week during which he will hold discussions with Israeli Prime Minister Benjamin Netanyahu and address the Knesset. The visit marks another step in deepening strategic and security ties between the countries.

Over the past decade, India has become a major customer of Israel’s defense industry, with the expectation at the political level that the scale of cooperation will further expand. India has been Israel’s biggest defense customer for years, with 34% of total sales between 2020 and 2024, according to the Stockholm International Peace Research Institute (SIPRI). Figures from the Ministry of Defense International Defense Cooperation Directorate (SIBAT) show that total arms sales by Israel to India during this period amounted to about $20.5 billion.

The ties between the countries go beyond direct procurement deals, as each of the major Israeli defense companies currently has Indian subsidiaries and collaborations with local industry on the subcontinent. These moves are intended to align Israeli activity with the “Make in India” and “Self Reliance” programs led by Modi with the aim of strengthening his country’s productive independence.

Ahead of Modi’s visit, SIBAT head, Brig. Gen. (Res.) Yair Kulas, tells Globes about the trends in trade with India, and sheds light on the joint work behind the scenes during the war.

The Israeli-Indian standard

Kulas says that Ministry of Defense director general Gen. (res.) Amir Baram has defined India as a key country and even personally led a delegation of all the heads of departments in the ministry to deepen ties. India’s importance was clearly reflected during the war, when, according to foreign media reports, ships with Indian-made weapons docked in Israel. A prominent example of this cooperation is Adani Corp., which produces the Indian Drishti 10 Starliner drone based on Elbit Systems Hermes 900.

“Especially during the war, we turned to many sources and purchased equipment through the Defense Procurement Directorate,” Kulas explains of bilateral procurement. According to him, India is a true partner, and in times of war there is a clear desire to procure from it, since the Indians produce “to the standards of Israeli industries.”

However, the biggest story is the enormous size of India’s procurements from Israel. “In 2012, we exported $300 million, we rose to $700 million in 2013 and to $1 billion in 2014,” says the head of SIBAT. “The big jump occurred in 2017 with the sale of Barak systems, which led to a jump to about $3.4 billion.”

After that, there was a consistent decline to $880 million in 2023, and again a growth trend. “In 2024, we sold about $1.1 billion, and in 2025, although the data has not yet been fully processed, it is more than $1.5 billion.”





RELATED ARTICLES




India agrees arms deals with Israel worth $8.6b – report


India signs deal for Elbit developed PULS launchers


India to procure 1,000 Rafael SPICE air-to-surface missiles


India and Israel’s winning combination






What made the difference?

“The decline was created as a result of the Make in India and Self Reliance programs, which require more significant production, of about 50% to 60% of the deal,” explains Kulas. According to him, every major power today has a desire for local production, and therefore the strategy of Israeli industries is to establish “production units” in target countries. Just as a large company must have production in the US for the American market or in Germany for NATO procurement, India is the central anchor in Asia. Due to the enormous size of the Indian market, participation in tenders currently requires a massive manufacturing presence within the country.

On this week’s visit itself, the Hindustan Times website reported that a key issue that will be on the agenda during Modi’s visit to Israel is air defense. As part of this, joint development in the ballistic missile defense industry, and even laser defense, is on the agenda.

Forbes India recently reported that the total number of deals that Israel has closed with India since the beginning of the year is a whopping $8.6 billion. Kulas says he does not know this specific figure, but stresses that the official export figures do not reflect the full depth of the ties. “The SIBAT figure is partial,” explains Kulas, “It includes exports from our industries in Israel to India, but does not include what our industries produce within India itself. “There is currently no data that can indicate exactly how much, for example, Adani Corporation will produce in India with its share of the partnership.”

Getting ahead of the copycats

Israel is seen as an international technological leader in the defense industries. Alongside growing demand, it is also dealing with the phenomenon of technological copying. A prominent example of this was last October, when Armenian company Davaro unveiled the Dragonfly 3 suicide drone, which looks almost like an exact copy of the Harop manufactured by Israel Aerospace Industries (IAI). Armenia has deep defense ties with India, which itself deploys the Harop as a strategic customer. This is in contrast to Israel, which ranks eighth in the world’s defense exporters with a share of 3.1% of total world trade, according to SIPRI data.

Due to reports of copies of various Israeli systems in some countries, the question arises of how Israel maintains its place at the forefront of global technology. “Before exporting, we go through various bodies such as the Director of Security of the Defense Establishment and MAFAT,” explains Kulas. “This includes strict security agreements and there is no lawlessness here. It is clear that people try to copy, even at exhibitions, but this is a race in which we must always produce the next generation. The trick is to be one step ahead of everyone else, and that’s exactly what MAFAT is about. Once you’ve used certain capabilities, the enemy already knows them, so you have to keep moving forward.”

By virtue of his role as the defense export leader at the Ministry of Defense, Kulas routinely works with government officials in India to create marketing and sales opportunities. He describes a close relationship with the Indian procurement director general and explains that Israeli industry now understands that it must have a local “manufacturing foothold,” while Indian companies need technology transfer. “We provide the political umbrella for things to flourish,” he says. “Military cooperation also includes the work of startups between MAFAT and the Indian DRDO, and it is clear that both countries are united around this goal.”

The Gateway to Asia

According to Kulas, manufacturing within India does not only serve the local army, but is a gateway to the entire Asian market. “Once you produce in India, you can reach other countries,” he says optimistically. “The market is big not only for India itself but also for third countries in the region.”

How do you summarize 2025 for SIBAT in general? And what are the main objectives of Modi’s visit?

Kulas replies that although the final figures will only be received in April, he feels that Israel’s defense industry will succeed in breaking “another glass ceiling.” “Despite the challenges of the war, demand is on a crazy rise,” explains Kulas. “The boycotts and recriminations have indeed created difficulties, but on the other hand, the proof on the battlefield and the results of the fighting in Gaza, Lebanon, Syria and Iran are bringing a surge in our industries.”

As for the main objectives of Modi’s visit, Kulas emphasizes the importance of direct involvement at the highest political level. “This is a visit at a strategic level, and once there is direct involvement of the prime ministers, they are the ones who guide the defense industries and the defense ministries,” he notes.

Published by Globes, Israel business news – en.globes.co.il – on February 23, 2026.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2026.




Source link

Tags: cooperationDeepensdefenseIsraelIndiaModiVisits
ShareTweetShare
Previous Post

Domino’s stock rises, Dominion Energy stock slips as investors await crucial update from Nvidia

Next Post

The Weekly Notable Startup Funding Report: 2/23/26 – AlleyWatch

Related Posts

London Stock Exchange plans to launch round-the-clock trading next year, FT reports

London Stock Exchange plans to launch round-the-clock trading next year, FT reports

by FeeOnlyNews.com
July 20, 2026
0

The London Stock Exchange has unveiled plans to launch a night-time trading site in the first half of 2027, the...

U.S. military launches 10th straight night of airstrikes on Iran as Houthi allies threaten Red Sea

U.S. military launches 10th straight night of airstrikes on Iran as Houthi allies threaten Red Sea

by FeeOnlyNews.com
July 20, 2026
0

The United States military said late Monday it was carrying out its 10th consecutive night of strikes on Iran in a push...

Average retirement savings by state: Where are Americans saving the most — and least?

Average retirement savings by state: Where are Americans saving the most — and least?

by FeeOnlyNews.com
July 20, 2026
0

Wondering how your retirement savings stack up against the rest of the country? While everyone's financial situation is different, retirement...

Jensen Huang’s staggering  trillion bet shifts Nvidia

Jensen Huang’s staggering $4 trillion bet shifts Nvidia

by FeeOnlyNews.com
July 20, 2026
0

The warehouses of computer servers powering artificial intelligence are growing so fast that their electricity appetite is beginning to reshape...

Zions’ Q2 net interest income, margin fall short of expectations, shares down 2% (ZION:NASDAQ)

Zions’ Q2 net interest income, margin fall short of expectations, shares down 2% (ZION:NASDAQ)

by FeeOnlyNews.com
July 20, 2026
0

Zions Bancorporation (ZION) was trading lower after the regional bank reported Q2 net interest income and margin below consensus analyst...

US stocks today: S&P 500 edges down with Iran and earnings season in focus

US stocks today: S&P 500 edges down with Iran and earnings season in focus

by FeeOnlyNews.com
July 20, 2026
0

The S&P 500 finished slightly lower on Monday as investors looked for signs of Middle East de-escalation while awaiting earnings...

Next Post
The Weekly Notable Startup Funding Report: 2/23/26 – AlleyWatch

The Weekly Notable Startup Funding Report: 2/23/26 – AlleyWatch

Chase reboots its ‘mortgage rate sale,’ this time on purchases and refinances

Chase reboots its 'mortgage rate sale,' this time on purchases and refinances

  • Trending
  • Comments
  • Latest
Bond Vet and Small Door Merge to Form One of the Nation’s Largest Premium Veterinary Networks – AlleyWatch

Bond Vet and Small Door Merge to Form One of the Nation’s Largest Premium Veterinary Networks – AlleyWatch

July 9, 2026
House backs an emergency brake on elder fraud

House backs an emergency brake on elder fraud

June 26, 2026
Coffee Break: Armed Madhouse – From Spy Satellites to Peace Satellites

Coffee Break: Armed Madhouse – From Spy Satellites to Peace Satellites

July 7, 2026
Salesforce, RightCapital, And YCharts Launch Their Own New AI Capabilities (And More Of The Latest In Financial #AdvisorTech – July 2026)

Salesforce, RightCapital, And YCharts Launch Their Own New AI Capabilities (And More Of The Latest In Financial #AdvisorTech – July 2026)

July 6, 2026
Your Next Forever Stamp Purchase Will Soon Cost More. See the New Price

Your Next Forever Stamp Purchase Will Soon Cost More. See the New Price

July 11, 2026
*HOT* Neutrogena Beach Defense Sunscreen as low as .98 shipped!

*HOT* Neutrogena Beach Defense Sunscreen as low as $1.98 shipped!

July 9, 2026
Electricity Authority halts server farm permits

Electricity Authority halts server farm permits

0
Here’s How Much Coffee Is Safe to Drink Every Day, Research Says

Here’s How Much Coffee Is Safe to Drink Every Day, Research Says

0
Jensen Huang’s staggering  trillion bet shifts Nvidia

Jensen Huang’s staggering $4 trillion bet shifts Nvidia

0
Europe’s Heatwave Is Becoming an Energy Crisis

Europe’s Heatwave Is Becoming an Energy Crisis

0
What Happens When a Bitcoin Block Is Full? Every Byte Sparks a Live Fee Auction

What Happens When a Bitcoin Block Is Full? Every Byte Sparks a Live Fee Auction

0
6 Home Health Costs Medicare Usually Leaves to Families

6 Home Health Costs Medicare Usually Leaves to Families

0
What Happens When a Bitcoin Block Is Full? Every Byte Sparks a Live Fee Auction

What Happens When a Bitcoin Block Is Full? Every Byte Sparks a Live Fee Auction

July 20, 2026
London Stock Exchange plans to launch round-the-clock trading next year, FT reports

London Stock Exchange plans to launch round-the-clock trading next year, FT reports

July 20, 2026
The Hidden Trust Hierarchy Living in your CRM

The Hidden Trust Hierarchy Living in your CRM

July 20, 2026
White House Crypto Adviser Stays on as CLARITY Nears Senate Vote

White House Crypto Adviser Stays on as CLARITY Nears Senate Vote

July 20, 2026
JPMorgan Chase CEO Jamie Dimon says markets underestimate risks

JPMorgan Chase CEO Jamie Dimon says markets underestimate risks

July 20, 2026
FTC Says Some “Made in the USA” Claims May Mislead Shoppers

FTC Says Some “Made in the USA” Claims May Mislead Shoppers

July 20, 2026
FeeOnlyNews.com

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Economy
  • Financial Planning
  • Investing
  • Market Analysis
  • Markets
  • Money
  • Personal Finance
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • What Happens When a Bitcoin Block Is Full? Every Byte Sparks a Live Fee Auction
  • London Stock Exchange plans to launch round-the-clock trading next year, FT reports
  • The Hidden Trust Hierarchy Living in your CRM
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclaimers
  • About Us
  • Contact Us

Copyright © 2022-2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Sign In with Facebook
Sign In with Google
Sign In with Linked In
OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading

Copyright © 2022-2024 All Rights Reserved
See articles for original source and related links to external sites.