International companies winning defence contracts in India will no longer be required to invest in direct defence equipment to fulfil offset obligations. An amendment to the policy made public today includes civil aerospace and internal security equipment too besides allowing offsets banking
As India’s Medium Multi-Role Combat Aircraft (MMRCA) competition is entering the decision phase, Hindustan Aeronautics Limited (HAL) is planning to set up a large aero structures unit to take advantage of the possible offsets business arising out of the $10 billion deal. Irrespective of whichever company wins the MMRCA bid, they will have to partner with HAL to licence-manufacture the aircraft in India and are certain to select HAL as the offsets partner as well
A solution to the vexed issue of third party suppliers within the offset obligations of bidders of India’s estimated $10 billion MMRCA fighter contract appears to be near with the bidders and the MoD reportedly agreeing to the draft of a contract between the prime integrators (the six bidders-Lockheed Martin, Boeing, MiG, Saab, Eurofighter and Dassault), their major sub-contractors and the MoD. Earlier, the MoD and the prime integrators had serious differences over what industry sources called as “ third party contracts”
India’s Defence Acquisition Council (DAC) put it seal on two policies yesterday, a new version of the Defence Procurement Procedure and a new Defence Production Policy. The DAC is set to formally approve the new policies within the next few weeks
India’s Defence Procurement Procedures (DPP) is amended every year to speed up procurement and bring in fairness and transparency, said India’s defence minister A.K
The Indian MoD may be forced to bring in an offsets multiplier clause in its defence offsets policy to conclude the estimated $10 billion procurement of 126 Medium Multi-Role Combat Aircraft (MMRCA). At least two of the six bidders have demanded offset multipliers to bring in technology for fulfilling the 50% offsets amounting to about $5 billion
For new weapon systems in the pipeline, inclusion of a clause in RFPs for provision of alternatives is being considered. The use of recycled Halon recovered from phased-out or downgraded aircraft and equipment is being planned
Hawker Beechcraft Corporation’s (HBC) T-6 military trainer will come to India later this month to take part in field evaluation trials with the Indian Air Force officials as part of its competition for a new basic trainer, a HBC release said. The Beechcraft T-6 offers military organizations worldwide the most proven and most cost-effective training system available today
There will be no offsets clause in U.A
India’s Defense Research and Development Organization (DRDO) which was taken off the U.S
The Indian Navy plan to purchase air-dropped, anti-submarine munitions in order to strengthen its anti-submarine capability. It is considered by strategic analysts as an obvious move given that Chinese and Pakistani Navies are heavily dependent on submarines as part of their Naval warfare doctrines
Russia and Israel today signed an agreement on military cooperation. Details of the deal inked by the countries' defense ministers in Moscow were not immediately disclosed
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