Friday, February 24, 2012

Offsets Policy- not cleared as yet

Neelam Mathews
Feb 24, 2012

The discussion held yesterday (Feb 23) on ratifying the Offsets policy remained “inconclusive,” Aerospace Diary learns.

A meeting of the Defense Acquisition Council chaired by Defense Minister A.K. Antony looked at proposals to amend the offsets policy, part of the DPP 2011.

The industry was hoping certain issues would be cleared including transfer of technology as offsets; multipliers and offsets in commercial shipbuilding. With a central implementing body required, the DAC was to look at  the Defense Offset Facilitation Agency (DOFA) as the empowering body for offsets.

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