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Wednesday, March 03, 2010

India to expand arms trade with Israel

Il-76 PhalconIsrael's arms trade with India stands to expand dramatically following New Delhi's decision to increase its defense budget to $32 billion.

"India plans to rebuild substantial parts of its armed forces and we will be there, offering everything they need," a source within the Israeli Military Industries said.

Israel's various military industries have delegates in India and according to the source, several multimillion dollar deals have been discussed during two recent weapons and security trade fairs.

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