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India reduces investment in Iran to strengthen Israel ties

November 23, 2017 at 10:23 am

Israeli Prime Minister Benjamin Netanyahu (R) and Indian Prime Minister Narendra Modi (L) hold a joint press conference following their meeting in Jerusalem on 5 July 2017 [Haim Zach/GPO / Handout /Anadolu Agency]

India has reduced its investments in the Republic of Iran in favour of Israel, Israel’s Maariv reported today.

The Hebrew agency added that the officials from India, Greece and Israel have met at the centre of oil exploration in Israel.

The Indian government recently said that its relations with Israel “are a sufficient reason to reduce its ties with Iran.”

Early this week, official sources revealed that Netanyahu is slated to travel to India in January for a three-day visit during which he will meet with his Indian counterpart, Narandra Modi, to discuss strengthening trade and economic ties between the two countries.

Read: US to probe Kushner’s relations with Israel

India took part in its first military drill with Israel earlier this month, a move which follows Modi’s trip to Israel earlier this year. However it was later reported that New Delhi had cancelled a $500 million arms deal which would have seen it purchase 8,000 Spike anti-tank missiles and 300 missile launchers from Tel Aviv.