May 24, 2019 SOURCE: © CTO Data Services Co.
INDIA’S OFFSET PERFORMANCE FALLS SHORT OF TANTRIC EXPECTATIONS
India’s MOD has signed 42 defence offset contracts since introducing an offset policy in December 2002, and seen few returns. Only $2.21bn out of commitments worth about $11.2bn have been realised.
The data is disappointing for the government, showing a successful completion rate of only 20 percent.
The number of contractors facing...
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