Companies selling to India can expect closer scrutiny of their offset proposals — and a closer relationship with their tax advisers suggested Dhiraj Mathur Executive Director of Pricewaterhouse Coopers (India).....Manufacturers of defence equipment will need a license. Unfortunately it’s not clear what “defence equipment” really means.
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Sunil Seth Senior Partner with the Delhi law firm Seth Dua & Associates considered the implications of having to enter into joint ventures with Indian partners and recommended negotiating the standard offset contract as a way around the policy’s lack of clarity.
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Industry Canada has announced that as of July 201272 companies in Canada have secured US$438m in contracts ahead of the troubled F-35 Joint Strike Fighter Programme.
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Michael Messina VP Industrial Cooperation Programmes BAE Land and Armaments Systems (USA) told the conference the complexity of the offset requirements makes an early start vital.....
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