Israeli Defense Minister is in India to Sell weapons of $1 Billion

Israeli Defense Minister is in India to Sell weapons of $1 Billion 

Israeli defense minister travels to India for to close deals of weapon purchasing including Israeli-made interceptors worth $1 Billion.

According to Israeli News Website Israel's Defense Minister Moshe Ya'alon arrived in India on Wednesday to help sell his country's arms industry to the world's largest defense importer. The Indian government is soon expected to approve an order of two "Falcon" early warning systems for aircrafts from Israel Aerospace Industries (IAI) to the tune of $1.1 billion, according to a Tuesday report by the Times of India. The planes will join a fleet of three "Falcons" purchased in the past. There is another deal on the agenda to buy radar balloons from Elta for about $300 million. The announcement came ahead of the opening on Wednesday of the Aero India air show in Bangaloro.

India has become one of the most important export markets for the defense industry, and imports more than $1 billion from Israel every year. India spends almost $6.5 billion in 2014 on Defense related imports.

India and Israel, which only established full diplomatic ties in 1992, are developing an increasingly close commercial and political relationship, particularly since Indian Prime Minister Narendra Modi was elected last May. New Delhi is now the largest buyer of Israeli military equipment, while Israel is India's largest customer after Russia.  Israel and India had jointly developed Barak 8 surface-to-air missile system, which includes both maritime and land-based versions. India purchased about $2 billion worth of the missiles.