XXXIX, No 17, 06/09/2021
India threatens obligors even as fulfilment increases
India’s MoD has threatened to ban one U.S. company and put as many as 11 others on a watchlist for failing to fulfil their offset obligations. The country is considering for penalties all offset projects agreed more than three years ago. “OEMs might have deductions taken from their performance bank guarantees in other contracts”.