Tag: Offset Guidelines

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 releases amended defence offset guidelines

By defence.capital on August 1, 2020 • ( Leave a comment )

New Delhi: India‘s Ministry of Defence on July 30 released an amended draft of Offset Guidelines that will form part of the Defence Procurement Procedure 2020. The amended draft Offset Guidelines were released three days after making public the amended draft DPP-2020, which has been renamed Defence Acquisition […]