12:32 GMT05 December 2020
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    India is preparing to conclude a set of bilateral defense agreements with Israel, worth $3 billion, local media reported Tuesday.

    NEW DELHI (Sputnik) — At least three deals with Israel are on their way to India's Cabinet Committee on Security (CCS) for final approval, The Economic Times daily reported, citing sources in the Indian Defense Ministry.

    One of the joint projects will deal with the development of medium-range air defense systems, with some $1.4 million to be invested by both sides.

    India is also expected to purchase 164 laser-designation targeting pods, advanced Litening-4, as well as 250 Spice guidance kits for converting air-droppable unguided bombs into precision guided bombs.

    Moreover, the sides hope to jointly develop medium-range surface-to-air missiles for the Indian Army.

    There has also been some progress made on a deal to deliver Spikes, which are Israeli-designed anti-tank guided missiles, to India, the newspaper said.

    India's relations with Israel have improved in recent years, underpinned by growing cooperation on defense and security, as well as the need to unite against the common threat of global terrorism, particularly the Daesh militant group, which is outlawed in Russia and many other countries.

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    defense contract, Spike-MR/LR, Indian Defense Ministry, Israel, India
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