01 Sep '12, 4pm

via @defense_news defense_news: Mixed Reaction to India's Offset Rules

NEW DELHI — Industry executives and analysts are lauding India’s move to allow overseas defense companies to fulfill their offset obligations by partnering with local companies, a step aimed at benefiting the indigenous firms and the original equipment manufacturers (OEMs). But the mechanics of how foreign firms will get credit hasn’t been determined, prompting some analysts to argue that increasing the foreign direct investment (FDI) limit would have done a better job of collaboratively boosting India’s defense industrial capabilities. Leaving aside the desire to increase FDI, the offset rule changes have been received well, a U.S. industry source said. “No companies were complaining,” he said. Offsets are industrial compensation in exchange for a defense purchase. Under Indian law, whenever a foreign company signs a deal with India that’s worth more than $60 million, at ...

Full article: http://www.defensenews.com/article/20120901/DEFREG03/3090...

Tweets

Stansted Airport: Operating Rules and Procedure...

cpt-uk.org 03 Sep '12, 12pm

Changes to Stansted Airport coach station operating rules and procedures To improve the health and safety for bus and coac...

ブラジル大統領はラファール戦闘機の採用を決めたインド側と会談。これはブラジルのFX-IIの他候...

defenseworld.net 06 Sep '12, 1am

Brazil has taken up India’s offer to review its notes on selecting a winner for the MMRCA (medium multi-role combat aircra...

Up to 1 in 4 primary school teachers in India a...

straitstimes.com 02 Sep '12, 8am

BAGHPAT, India (AFP) - On any given day in a state primary school in India, up to one in four teachers is missing. The cos...

10 rules of marathon and half-marathon success:...

runnersworld.com 07 Sep '12, 11am

Get more secrets to marathon and half-marathon success here . For many marathoners, training consists of running as much a...

India: 6 Million Electric Vehicles By 2020, Why It May Work

India: 6 Million Electric Vehicles By 2020, Why...

greencarreports.com 04 Sep '12, 4pm

For a start, though the commutes aren't necessarily long, they're time-consuming--the 2010 study suggested that up to a qu...

Trying to shed pounds on the way to the startin...

runnersworld.com 06 Sep '12, 4pm

It's doubtful that anyone ever said that they started training for a marathon so that they could eat more fruits and veget...