Israel's armstrade 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.
Since 1991, India has purchased $8.5 billions worth of Israeli weaponry, making Jerusalem its second-largest arms supplier, after Russia. According to foreign publications, India's most recent purchase is the Israeli Aerospace Industries' Harpy – an unmanned aerial vehicle (UAV) designed to attack radar systems.
Other recent acquisitions include the IAI's Searcher, which is a reconnaissance UAV, and the Heron-1, which is an UAV capable of Medium Altitude Long Endurance operations of up to 52 hours.
New Delhi has also signed a $1.1 billion deal with the IAI to convert Russian cargo planes into CAEW (conformal airborne early warning) aircrafts using the Falcon system.