"Vote at United Nations is important, but it will not mar the big picture of the India-Israel relationship", Carmon said on India's vote in United Nations on draft resolution on the status of Jerusalem. India recently called off the deal to procure 8,000 missiles, souring the buildup to Israeli Prime Minister Benjamin Netanyahu's visit this week, AFP reports.
India, which has long standing territorial disputes with neighbors China and Pakistan, has signed several big-ticket defense deals since Prime Minister Narendra Modi came to power in 2014. The DRDO missiles are yet to be tested and will not be ready till 2022, which could hit India's operational capabilities in the interim, Rawat said.
Talking about the ever-growing relationship between India and Israel, Israel Ambassador to India, Daniel Carmon said that Israeli Prime Minister Benjamin Netanyahu will be on his first visit to India soon with an objective to strengthen co-operation between the two countries.
Rafael said that it "regrets the decision" but will continue to cooperate as part of the Prime Minister's delegation to India this month. The visit is being seen as extremely significant as the two countries, are celebrating 25 years since the establishment of diplomatic ties. His visit comes nearly 15 years after the first visit by the then prime minister Ariel Sharon in 2003.
Officials said they had been asked by Israel to allow some of the offset clauses to be made up by investment in agriculture or environment related businesses, which India is likely to concede.
The reference was to the U.S., Russian Federation and India.
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Israel's Rafael also issued a statement after it received an official notification from India's Ministry of Defence about cancellation of the deal.
Diplomats reported as confirming purchase of $500m of anti-tank weapons, days before Israeli PM arrives in Delhi..
A packed schedule on Thursday for the Israeli Prime Minister in Mumbai would include a "power breakfast" with Indian business leaders, a business seminar, attending two memorial services for the victims of Mumbai terror attacks at the Taj hotel and Nariman House and finally a gala event with Bollywood actors, directors and producers.
During his stay, he will also visit Gujarat and Mumbai.
India's Kalyani group and Israel's state-run Rafael Advanced Defence Systems had commissioned Rs 70 crore production facility near Hyderabad in August a year ago, anticipating that the Israeli firm would bag the contract.