By N. C. Bipindra New Delhi: Before signing the contract, they were unsure. After pocketing the deal, they are undecided. “We need some more time,” was the matter-of-factly reply from Indian defence manufacturer Tata Advanced Systems Limited‘s (TASL’s) managing director and chief executive officer Sukaran Singh to a […]
(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 […]
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, […]
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 […]
(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 […]
New Delhi: India has signed a cumulative $5.67-billion defence offset from 21 contracts with foreign companies in the last three years. This would mean the Narendra Modi government clinched overseas deals worth at least $20 billion during the period, bringing benefits to the local industry India’s defence offset […]
