The acquisition process for 126 Medium Multi Role Combat Aircraft by the Indian Air Force is facing delays due to uncertainties about offset policy and with vendors facing the prospect of having to redo their homework.
Tag: DPP 2008
Singapore Technologies denies CAG report
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The arms company has contradicted the basis of the CAG audit, saying it signed a Memorandum of Understanding on offsets and collaborated production with the Ordnance Factory Board.
Max. 49% FDI in defense: FICCI
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The Indian industry association, FICCI has argued for limiting FDI in the Indian defense sector to, at most, 49 per cent, following CII, which had submitted similar views last May.
