Indian offset rules rejigged

Defence IQ Press
Posted: 07/25/2013

A new offset rule from the Indian MoD states that any foreign company winning a contract of over $60 million must re-invest at least 30% of the contracts value back into the Indian economy. The offset, presented in a memo from the defence ministry, is designed to encourage technology transfer to the Indian defence sector. The new ruling

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Defence IQ Press
Posted: 07/25/2013

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