Defence Contracts – Defence.Capital

Tag: Defence Contracts

Without offset options, India defence sector future bleak

By defence.capital on May 7, 2021 • ( 12 Comments )

(Editor’s Note: The views are that of the author’s. For the writer’s other interests, read the credit line at the end of the article.) By Rajiv Chib A resurgence of COVID-19 cases in India has forced domestic defence companies to reintroduce strict restrictions. It again threatens to increase […]

India relaxes performance guarantee rules for defence contracts

By defence.capital on February 2, 2021 • ( Leave a comment )

New Delhi: In a major relief to COVID-hit industry, India has relaxed the Performance Guarantee requirement for defence contracts to just three per cent of contract value from the existing five per cent to 10 per cent, and this tweaked rule will apply equally to both Indian and […]