Foreign defence industry bodies to urge MOD to streamline offset policy
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  • Jane’s reported that some foreign defence industry associations based in North America and Europe were united for sending a joint proposal to the Indian defence ministry to “improve” its offset policy. The associations include US-based the Aerospace Industries Association and U.S.-India Business Council; the UK's ADS (AeroSpace Defence Security); the German Aerospace Industries Association (BDLI); France's Groupement des Industries Françaises Aéronautiques et Spatiales; and the Aerospace Industries Association of Canada. In a jointly signed letter, these associations will make “a number of recommendations that industry bodies hope the MoD will include in a revision of the offset policy planned for next year.” India has since 2006 imposed a detailed offset policy, which mandates a minimum 30 per cent offset in all defence contract valued Rs. 300 crore or more.1