India changes offset reqirements

August 3, 2008 by Dagpotter · 1 Comment
Filed under: India, production program 

Looking at several major contracts to be awarded in the next ten years, India’s government 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 difficult to meet. Now the government will allow companies to just hold funding to meet the offset requirements. This will make it easier for companies to bid on the contracts.