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Tuesday, October 14, 2008

India's Govt not to buy any more Barak missiles

Fearing unmanageable defence scandals on the eve of general elections, the Union government has issued comprehensive guidelines to deal with two tainted Israeli firms that are dominant players in the Indian arms market.

The guidelines put curbs on new deals with them, citing the ongoing CBI inquiry into the Barak scandal, in which the two firms, Israel Aerospace Industries (IAI) Ltd and Rafael, are involved.

It was only in August that the MoD (ministry of defence) got fresh vigilance clearance to go ahead with India’s largest joint development project for missiles, with the same Israeli companies.

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