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Defence Offsets Policy

edited October 2014 in Miscellaneous
any idea what it implies. It has to do with some tech transfer, while dealing with arm purchase, but not getting clear picture.
मैं खड़ा हूँ उसी दोराहे पे, आज भी इंतज़ार में तेरे !
या तो ज़िन्दगी आये तेरे लिबास में! या मैं चलूँ फिरदौस की तलाश में !!

Comments

  • edited October 2014
    An offset agreement is a legal trade agreement common in defence deals in which the selling party agrees to provide some compensation to the buying party in the form of purchase of products or services from the buying party in order to win it as a customer and offset it's balance of payments. Indian started adopting Defence offset policy only from DPP 2005.
    कर्मण्येवाधिकारस्ते मा फलेषु कदाचन।
    मा कर्मफलहेतुर्भूर्मा ते सङ्गोऽस्त्वकर्मणि॥
  • edited October 2014
    It is primarily being used in India to develop indigenous defense production capabilities by allowing the option to compensate the buyer (India) in terms of foreign investments in the country, in this way it relates to FDI in defense.

    A review of our offset policy is needed to provide clarifications to the vendors as well as Defense PSUs.
    कर्मण्येवाधिकारस्ते मा फलेषु कदाचन।
    मा कर्मफलहेतुर्भूर्मा ते सङ्गोऽस्त्वकर्मणि॥
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