Concerns over Implementation of Offset Policy

Concerns over Implementation of Offset Policy As per reports in the Business Standard there has been a dilution in the Offsets Policy by allowing foreign vendors offsets in non core areas which do not necessarily contribute to sourcing of defence items from India. Some of the instances quoted by the Newspaper include grant of offset credits to Finmeccanica, “for expenses relating to travel, accommodation and allowances for project committee meetings and steering committee meetings”. In the purchase of 80 Mi – 17 V5 medium lift helicopters the Indian Air Force as opposed to a manufacturing or services firm has been made the Indian Offset Partner. This provides Rosoboronexport advantage by undertaking training of personnel for Base Repairs in the Base Repai...
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