Under an updated defense offset policy, India’s Ministry of Defence is setting up a new agency, Defence Offset Monitoring Wing (DOMW) to track the $1.8 billion of activity in India expected by foreign suppliers to meet their obligation. According to a report in the Business Standard, an Additional Secretary will...
India's new Defense policy opens civil offsets and countertrade
India's Defense Minister, AK Antony just released the latest version of the policy for procurement of capital goods by India's Ministry of Defence, known as DPP 2011. When you read beyond the necessary rhetoric of supporting domestic production and Indian companies, the key additions are some movement in the area...