Defence Offsets – Defence.Capital

Tag: Defence Offsets

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, […]

India Politics: Congress claims credit for Rafale, BJP says it was Modi decision

By defence.capital on July 29, 2020 • ( Leave a comment )

By Amit Agnihotri New Delhi: On a day five Rafale fighter jets landed at the Ambala air base, political slug fest over the aircraft purchased continued with Prime Minister Narendra Modi hailing the high-tech flying machines and the opposition Indian National Congress questioning the deal. Union Minister of […]