XXXIII, No 21, 09/11/2015
ITC report raises local content concerns as India drifts towards national offset policy
The U.S. International Trade Commission has welcomed India’s recent draft for offset procedures. The commission says the draft will increase transparency and accessibility for foreign partners. However, the report criticised a new requirement expanding local content and localisation. The rules require foreign firms to buy Indian inputs and produce a part of the product within the country in sectors including ICT, electronics, defence, and aerospace.