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Amendments to Defence Offset Guidelines

The Indian Ministry of Defence (MoD) has issued amendment to certain provisions of the Defence Offset Guidelines relating to Indian Offset Partner (IOPs) or offset components and offset work plans. The two amendments attempts in easing the execution/implementation challenges being faced by the industry at large as well as in reducing the overall contract negotiation period. These amendments shall come into effect immediately and shall not only apply to procurements and offset contracts governed by the DPP (2013) but also apply to all procurements and offset contracts executed under the earlier DPPs.

Source: http://www.mod.nic.in/writereaddata/amn12.pdf

 

 

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