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Indian companies upbeat on weapons orders, but foreign companies call for overhaul of offset rules

Updated : April 14, 2018 05:16 PM IST

Indian defence companies said the order books for their defence manufacturing businesses are ticking and they are not worried that policy delays are hurting their contracts.
Prime Minister Narendra Modi has reiterated the government’s commitment to expedite defence deals.
But foreign companies have called for allowing original equipment manufacturers choose offset partners themselves rather than the government play matchmaker.
Indian companies upbeat on weapons orders, but foreign companies call for overhaul of offset rules

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