India’s federal government announced on 6 August that it has lifted the ban on activities involving two leading Israeli defence companies with which it had conducted only ‘restricted business dealings’ since 2006.
Minister of State for Defence Suresh Bhamre told parliament that the decision to lift the ban on Israel Aerospace Industries (IAI) and Rafael Advanced Defense Systems had been taken in April during a meeting of senior Ministry of Defence (MoD) officials.
The move followed a ‘closure report’ filed by India’s Central Bureau of Investigation (CBI), which had been looking into corruption allegations made against the two companies. “Accordingly, the case has been reviewed and the restriction [against IAI and Rafael] has been removed,” said Bhamre.
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