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Indian gov't okays over $1.5 billion in arms deals with Israel By Ora Coren Tags: IAI, Rafael, Israel, India The Indian Cabinet Committee on Security has given the go-ahead for two mega-deals with Israeli defense industries in India, claim sources in the know. Local sources say that the committee approved a $1.5 billion Israel Aerospace Industries project to develop and upgrade the Barak surface-to-air missile. The council also approved a $270 million purchase of Rafael's SpyDer defense systems. According to Indian news reports, Rafael has already inked the final agreement, and IAI is expected to renew negotiations shortly. Advertisement The deal has been held up because the Indian Central Bureau of Investigations accused India's former defense minister and president of the Samata Party George Fernandes of accepting NIS 435,000 in kickbacks from the IAI to fix a tender for anti-ship missiles in IAI's favor. The IAI and Fernandes denied the allegations, which Fernandes says were politically motivated. The Rafael deal was also suspended, apparently under the shadow of similar allegations. Rafael denies the allegations. According to the Times of India the development project for the new generation of Barak missiles will also move forward, and the missiles will be operational by 2011. Related articles: Reputed Indian newspapers taken in by Nazi war criminal hoax Zisser vows to avoid mistakes of Eastern Europe in India Terrorism is un-Islamic, say Muslim scholars in India Bookmark to del.icio.us   Tears of joy Shahar Zubari's bronze medal was Israel's first of the 2008 Beijing Olympics. 'Germ of corruption' Mahmoud Ahmadinejad repeats his prediction that Israel will be wiped off the map.   1.   when will the indian govt. learn...? 09:45  |  ravi 20/08/08   2.   To # 1 Ravi 12:39  |  Jeet 20/08/08   3.   Steal technology from U.S., sell to India! 12:39  |  Samy 20/08/08   4.   Good move Israel 13:26  |  Guy From NYC 20/08/08   5.   Shame,shame on the Government of India for promoting the Death 13:27  |  lakshmi 20/08/08   6.   Are you from which planet 14:33  |  Rao 20/08/08   7.   #4 Guy from NYC 14:42  |  Reuben 20/08/08   8.   Good for India, and good for Israel. 14:43  |  Raymond in DC 20/08/08   9.   Aplogies - Pakistan Air Force 1973 14:48  |  Reuben 20/08/08   10.   Good going India nice to see our friendship growing 15:17  |  zionist forever 20/08/08   11.   India is well aware 17:14  |  Dr Noam 20/08/08   12.   Common cause 17:14  |  Dr Noam 20/08/08   13.   # 10 Zionist 17:25  |  Axel 20/08/08   14.   That means Pakistan will sign a similar deal with Russia and Iran 18:30  |  Aounist 20/08/08   15.   To chandigarh in the Punjab 18:50  |  Arie 20/08/08

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