Main headlines from this issue

India revises the offset policy – DOMW replaces DOFA

And finally it happened! India has addressed many of the long-standing concerns that have been troubling obligors. The MoD has introduced a revised offset policy. A single organisation is to ensure a smooth post-contract offset process; at least, that is the theory.

UK signs first industrial participation commitment under its new policy

Boeing has become the first foreign prime contractor to sign up to a new British industrial participation policy. The policy encourages overseas-based companies to make a firm commitment to continue business activities in the country for the long term....

Blenheim returns to prime time with Sharia-compliant offset solutions

Blenheim Capital is emerging from a tough year with a new source of funding that will allow it to introduce an original financial model. Terms have been agreed for a Strategic Partnership Agreement with the Qatar Islamic Bank. The deal will provide Sharia-compliant Islamic finance within Blenheim as an offset solution.

Mexico prepares to roll out a formal offset policy across the board

ProMexico, the Mexican government’s trade and investment arm and author of a detailed offset policy road map, has devolved responsibility for launching the policy to the Ministry of Economy. The ministry will be the management authority.

Malaysia: BAE’S Typhoon pitch promises a wealth of industrial benefits

The Eurofighter consortium, led by BAE Systems, is ready to invest $2bn in offset programmes designed specifically for Malaysia within the next five years if the country selects the Typhoon.