India supplying rockets and UAVs to Israel - report

Elbit Hermes 900 Starliner Photo: Elbit Systems / Photo: Elbit Systems
Elbit Hermes 900 Starliner Photo: Elbit Systems / Photo: Elbit Systems

Amid the war in Gaza, India is shipping weaponry to Israel, Qatar-based "Al Jazeera" reports.

India is manufacturing rockets and UAVs for Israel for use in the Gaza war, "Al Jazeera" reports.

Zain Hussain, a researcher at the Stockholm International Peace Research Institute (SIPRI), told Qatar-based Al Jazeera that cooperation between India and Israel is based mainly on rockets. According to SIPRI the Indian company Premier Explosives manufactures solid propellants, which are a significant part of the rocket motors of Israeli weapons. Taking into account that India participates in the production of Israel Aerospace Industries (IAI) Barak air defense system, it is not impossible that these are components required for the Arrow 2 and Arrow 3 air defense systems.

In addition the Palestinian Quds News Network has presented the remains of a missile found in the Nuseirat refugee camp in the Gaza Strip with 'Made in India' written on its tangled parts.

Premier Explosives executive director T. Chowdary told investors at the end of March that Israeli orders had brought an exponential jump in sales. "We are happy to announce that we have highest ever quarterly revenue," he said. Chowdary added that the company had also started exporting explosives.

Cooperation between India and Israel is not limited to just missiles and their components, and IAI is not the only large Israeli defense company that operates in the subcontinent. In December 2018, Elbit Systems launched a collaboration with the defense and aerospace arm of Indian billionaire Gautam Adani, owner of Haifa Port. As part of the cooperation, Hermes 900 and 450 drones are manufactured, among other things. During the war, Hezbollah intercepted two drones of each model, while the price of the Hermes 900, according to foreign reports, can reach $6.85 million dollars each while the Hermes 450 costs $2 million.

SIPRI's Hussain told "Al Jazeera," "The production of Hermes drones is as important for India as it is for Israel. For Israel, it means they have a factory outside of the country. For India, it’s about technology transfer, so that it can also produce drones based on the Israeli model." Indeed, this year India has launched its Drishti 10 Starliner, based on the Hermes, the first UAV made in India for medium height with long endurance.

Big consignments transported by ship

On May 16, Spain refused to allow a ship conveying explosives from India bound for Israel to dock in the country. According to a Spanish minister the Marianne Danica had requested to anchor in Cartagena on May 21. The Marianne Danica, which was sailing under a Danish flag, had left the Indian port of Chennai on April 8 and according to Spanish newspaper "El Pais" was carrying 27 tons of explosives. The ship would not have been anywhere near Spanish waters were it not for the attacks in the Red Sea by the Houthi rebels, meaning it had been rerouted around Africa to Gibraltar and the Mediterranean.

The day before the Marianne Danica had been refused anchorage in Spain, the container ship the Borkum, carrying the Antigua and Barboda flag turned back shortly before sailing into Cartagena where pro-Palestinian demonstrators and left-wing European Members of Parliament were protesting, having sent a letter to Spanish Prime Minister Pedro Sanchez demanding that the ship not be allowed to dock in Spain due to suspicions that it was carrying weapons to Israel. Before the Spanish government took a decision on the matter, the Borkum canceled its call into Cartagena and continued onto Koper in Slovenia.

According to "Al Jazeera," this ship too, which had also set sail from Chennai contained arms bound for Ashdod. The pro-Palestinian demonstrators claimed that the Borkum contained 20 tons of rocket engines, 12.5 tons of rockets with explosive charges, 1,500 kilograms of explosives and 740 kilograms of charges and propellants for cannons. "Al Jazeera" claimed that a confidentiality clause specified that all employees were prohibited from naming IMI Systems, which was acquired by Elbit Systems in 2018. But the commercial manager of the ship, owned by German company MLB Manfred Lauterjung Befrachtung, told "Al Jazeera" that "the vessel did not load any weapons or any other cargo for the destination in Israel."

Published by Globes, Israel business news - en.globes.co.il - on July 2, 2024.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2024.

Elbit Hermes 900 Starliner Photo: Elbit Systems / Photo: Elbit Systems
Elbit Hermes 900 Starliner Photo: Elbit Systems / Photo: Elbit Systems
ONE ZERO CEO Eyal Gafni credit: Cadya Levy One Zero CEO: Bank account abuse is easily solved

Eyal Gafni told the Globes "Going Long on Israel" Conference that with higher awareness the public can stop keeping their money in current accounts with zero returns.

Shekels credit: Shutterstock Vladerina32 Shekel rebounds on volatile forex market

Without a further trigger, such as an escalation on the security front or a further deterioration in political stability, there is no expectation in the market for foreign exchange turmoil.

Ishay Davidi credit: Cadya Levy FIMI CEO: Foreign investors flocking back to Israel

Ishay Davidi told the Globes "Going Long on Israel" Conference that investors who pulled out of Israel after October 7 have begun returning in large numbers.

Yali Rothenberg  credit: Cadya Levy Accountant General: No prospect of rating upgrade

Ministry of Finance Accountant General Yali Rothenberg sees 2025 as a stabilizing year for Israel's debt:GDP ratio.

Wix Credit: PR Wix employees gain $102m on options

The intrinsic value of options exercised by Wix employees in 2024 rose to $102 million from $19.5 million in 2023.

Tel Aviv Stock Exchange credit: Shutterstock Tel Aviv stocks: Rebound or long slide?

Statistics show a two-thirds chance of high returns after a steep one-day fall. Yields on Israel government bonds are rising sharply.

Attorney General Gali Baharav-Miara credit: Eyal Izhar AG slams gov't for seeking to be above the law

Attorney General Gali Baharav-Miara did not attend the cabinet meeting, which unanimously passed a no confidence vote in her.

Rooftop solar panels credit: Shutterstock New housing rooftop solar panel incentives unveiled

The new tracks being given a public hearing by Israel's Electricity Authority provide a more rapid return on the investment and address concerns about inflation.

Carrefour Israel branch credit: Bar Lavi Heavy debt pushes Carrefour Israel to continued losses

Despite improved sales, the supermarket chain reported a loss of NIS 113 million in 2024.

Israeli apartments Credit: Shutterstock Apartments sold and rented

A selection of recent real estate deals in Israel in Tel Aviv, Netanya, Rishon Lezion, Tirat Carmel and Sderot.

Shekel v dollar  credit: Tali Bogdanovsky using Adobe Firefly Shekel, TASE slump amid political, security tensions

After the collapse of the ceasefire with Hamas and the revival of the judicial overhaul, the shekel is at its five-month weakest against the US dollar and the TASE is down over 3%.

Supervisor of Banks Daniel Hahiashvili   credit: Eyal Izhar, Shlomi Yosef  processing: Tali Bogdanovsky BoI moves to restrict developers' financing offers

Supervisor of Banks Daniel Hahiashvili sees growing risk in bank loans subsidizing new home purchases.

Mathios Rigas  credit: Eyal Izhar Energean confirms asset sale cancellation

CEO Mathios Rigas: Italy, Egypt and Croatia will remain core pillars of our operations.

Prime Minister Benjamin Netanyahu and Shin Bet head Ronen Bar  credit: Government Press Office/Kobi Gidon Histadrut chair: I won't sit quietly if gov't ignores court

Histadrut chairperson Arnon Bar-David has joined calls from Israel's business world for the government to respect the High Court of Justice ruling suspending the dismissal of Shin Bet chief Ronen Bar.

Next Insurance founders credit: Next Insurance Munich Re buys Israeli insurtech co Next at $2.6b valuation

Munich Re, an early investor in Next Insurance, is buying the 71% of the company, which serves small businesses in the US, that it does not already own.

Insurance companies  credit: Einat Levron, Eyal Izhar, Tamar Matsafi, Shlomi Yosef, Tali Bogdanovsky Two up, two down: Insurance co stocks diverge

They all reported strong results for 2024, yet while Menora Mivtachim and The Phoenix rose sharply, Migdal and Clal went the other way.

Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018