Indian Defence Minister stresses good aspects of offset clause

by: Matthew Potter
May 28, 2008

Category: development program, India, Military Aviation, Proposal | RSS 2.0

Bump – According to this article as a way to meet the 30% offset requirement, EADS offered to let India join the Eurofighter upgrade program. India would become part of the program’s member countries, the fifth one to join, and also would have the opportunity to participate in other planned EADS programs.

India’s government currently requires that any contract awarded to a foreign defense company have a 30% offset clause. See an article here. Minister of Defense Antony recently reassured foreign companies that this is not a bad thing. For the new fighter contract currently being bid on by various American, European and Russian companies the offset will be 50%. Some of the offerers are balking at this provision. The Minister rightly points out that this kind of offset will allow the foreign companies to develop capabilities in India that might benefit them in the long run.

Share this:
Share this page via Email Share this page via Stumble Upon Share this page via Digg this Share this page via Facebook Share this page via Twitter

Tags: , , , , , ,

| Give a Comment | trackback

One Comments

  1. India changes offset reqirements | Defense Procurement News on August 3rd, 2008 6:22 am

    […] has decided to relax their offset requirements. See a story here. As previously discussed here, India had been demanding major off set investments that some foreign companies felt were too […]

Leave a Reply

You must be logged in to post a comment.

    Like Us On Facebook

  • Search This Site

    Custom Search
  • Upcoming Events

  • FREE Business Downloads

  • Widget Area

    This is widget area, add your widget here from your widget on appereance on your admin panel