Defence Offset – Defence.Capital

Tag: Defence Offset

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, […]

Updated: India withdraws order abolishing defence offset banking under 2020 procurement procedure

By defence.capital on July 21, 2020 • ( Leave a comment )

(Editor’s Note: First update on June 23 with Department of Defence Production comments on Offset Guidelines in the last paragraph. Second update with details of July 17 amended order keeping the policy on Banking Offsets in abeyance in paragraph one.) New Delhi: India kept in abeyance its June […]