India, Israel ink nearly $2bn weapons deal: HumSub.TV
India, Israel ink nearly $2bn weapons deal: HumSub.TV: India will buy nearly $2 billion worth of weapons technology from Israel in what’s being described as the “largest defence contract” ever signed by the military exporting giant.
The deal will see state-owned Israel Aerospace Industries provide India with an advanced defence system of medium-range surface-to-air missiles, launchers and communications technology, the company said in a statement Thursday.
The “mega” missile agreement is “considered to be the largest defense contract in Israel’s defense industries’ history”, the company said.
The Israeli firm will also supply a naval defence system including long-range surface-to-air missiles for India’s first aircraft carrier, which is still under construction.
Israel Aerospace Industries said some components will be assembled in India, in line with Indian Prime Minister Narendra Modi’s push to reduce reliance on costly imports.
Modi’s government has raised the limit on foreign investment in the defence sector and encouraged tie-ups between foreign and local companies under a ‘Make in India’ campaign.
India ─ the world’s largest defence importer ─ has been investing tens of billions in updating its Soviet-era military hardware to counter long-standing tensions with regional rivals China and Pakistan.
India has signed several big-ticket defence deals since Modi’s Bharatiya Janata Party stormed to power in 2014.
India is a top market for its arms, as New Delhi has turned increasingly away from traditional ally Russia for its military hardware.
Last year India signed a contract to buy 36 Rafale twin-engine fighter jets from France for 7.9 billion euros ($8.8 billion) after major delays and obstacles over the cost and assembly of the planes in India.
About HumSub TV
Introduction
HumSub TV is Pakistan’s leading forwarding-thinking, edutainment channel, aimed at promoting and upholding peace, interfaith harmony and social responsibility within Pakistan through informative and insightful programmes and documentaries; analytical interviews on issues pertaining to social, economic, legal and environmental set-up; dedicated shows to canvass and thereby promote the culture and heritage of Pakistan and in-depth coverage of national and international news.
HumSub TV is the first channel and thus a pioneer within its own right that mainly focuses on emphasising the “Rights” as well as the “Obligations” of the citizens in light of the Constitution of Pakistan, numerous International declarations signed by the Government and various laws that have been promulgated over the years but are not in the knowledge of the common citizen.
HumSub TV also aims to enter into bilateral agreements with other countries to promote not only their culture, heritage and tourism, but also their educational and medical facilities.
Following the successful launch of HumSub TV’s head office in Blue Area, Islamabad; the bureau office has been set up in Lahore.
Vision
To project positive image building of Pakistan and inculcate nationalism, as per the vision of the founder of the nation, Quaid-e-Azam Mohammad Ali Jinnah.
Mission
HumSub TV is resolute about the promotion of a pluralistic, inclusive and egalitarian society in Pakistan where all citizens are allowed to contribute to promote interfaith harmony, peace and collective wisdom in the social, political and economic development of Pakistan and to encourage critical and lateral thinking in the society. HumSub TV strives to make a positive contribution to this end.
HumSub TV’s Theme
HumSub TV, Pakistan’s first EDUTAINMENT Channel, has been set up for not only those audience residing in Pakistan or overseas but the international community on the whole. The vision of the channel is to project positive image building of Pakistan and inculcate nationalism as per the vision of the founder of the nation.
HumSub TV strives to make a positive contribution to this end by promoting pluralism, inclusiveness and egality in Pakistan and give voice to the suppressed. It endeavors to act as a positive catalyst for social change and Pakistani nationalism. It envisions providing a platform for airing critical and lateral thinking and collective wisdom by inviting positive minded intellectuals and opinion forming individuals for the promotion of interfaith harmony and peace in the social, political and economic development of Pakistan.
Whereas the channel airs upbeat edutainment programmes, it, nonetheless, has the primary objective of countering negative anti-Pakistan regional and international propaganda as well as advancing fundamental rights as encapsulated in the Constitution of Pakistan.
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