Tag: DAP 2020

India abolishes offset banking in defence deals once again

By defence.capital on October 8, 2020 • ( Leave a comment )

New Delhi: Just a week after India‘s new defence procurement rules came into force, the Narendra Modi government today said it has abolished the Banking Offset provisions for arms deals with foreign companies worth over Rs 2,000 crore (~$273 million), where offset is mandatory. The Ministry of Defence, […]

Arming India: New defence acquisition rules from Oct. 1 to promote domestic industry (Updated)

By defence.capital on September 30, 2020 • ( 1 Comment )

(Editor’s Note: Updated at 5 pm on Sep. 30 with New DAP 2020 document at the end, and previously updated at 9 pm on Sep. 28 with the defence minister’s remarks and reactions from the industry on DAP-220 at the end.) New Delhi: India’s new acquisition rules for […]