Good news for India as This Indian defense company gets order of Rs 1500000000 from Israel for...
Good news for India-Israel relations: In a significant development after Operation Sindoor, Nibe, a Pune-headquartered company has confirmed the receipt of a purchase order for the manufacturing and supply of Universal Rocket Launchers. The contract, worth $17.52 million (about Rs 150 crore) is expected to be executed by or before November 20 and as per the order, the Indian company will help Israel in making and supplying universal rocket launchers, which have a reported range of 300 kilometers. Here are all the details you need to know about the India-Israel deal.
Nibe Limited is a Pune- based defense company of India which manufactures modern systems for defense. Focused on creating new technology, Nibe helps to strengthen India in terms of defense and export weapons. It has recently received an international order win worth Rs 150.6 crore from a leading Israel-based original equipment manufacturer (OEM). Although the company did not disclose the identity of the client, the deal is expected to help strengthen the India-Israel relations and also help secure the dream of 'self-reliant India' and 'Make in India'.
As a result of the announcement of the deal, the shares of the company ended 0.84% in the green in the session on Friday, May 23. Op Sindoor Outreach: Delegation in Japan highlights India's fight against terrorism Tokyo
In a significant step aimed at highlighting India's fight against terrorism after Oopearion Sindoor, an all-party parliamentary delegation led by Janata Dal (United) MP Sanjay Jha held interactions with dignitaries from Japan's political, governmental, and academic circles at India House in Tokyo conveying India's firm stance of zero tolerance for cross-border terrorism.
The delegation is a part of India's global diplomatic outreach campaign to highlight the significance of Operation Sindoor and India's continued fight against Pakistan-sponsored cross-border terrorism. The Indian parliamentarians also highlighted Operation Sindoor as India's 'new normal' against cross-border terror attacks.
(With inputs from agencies)
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