Friday, 18 September 2020

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XXXI, No 17, 09/09/2013

India calls in the penalties

India’s Department of Defence Production has issued default warnings concerning two offset contracts. The MoD is claiming penalties of $2.5m for shortfalls in meeting the obligations. The department has initiated action concerning a further eight contracts where interim shortfalls of $23m have been reported by contractors..….A “high level collegiate committee” will report to the Offset Directorate…..

 

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