Aircraft
India Revises Defense Offset Policy

India has published changes to its offset policy for foreign defense acquisitions. The revised guidelines come as a relief to foreign OEMs thus far hard pressed to devise offset options for India’s yet-to-mature manufacturing base. But Defence Minister A.K. Anthony dashed the hopes of some foreign defense companies, that the country might increase the limit on foreign direct investment in Indian defense companies from 26 percent to 49 percent or more.

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