Government’s new offset policy in defence deals

24-Dec-2015 #MakeInIndia Source: Daily Excelsior

With an aim to promote ease of doing business and in pushing the Make in India programme in the defence sector, the centre has come out with amendments in the ‘offset’ policy, allowing foreign firms to change their Indian partner at any time, subject to approval. The new policy will ensure level playing field to Indian vendors in capital acquisitions.

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