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India's defence offsets policy restrictive: US
Tuesday, 06 February 2007, 18:30 IST
Bangalore: US Ambassador to Indian David Mulford pointed out that new offsets policy on defence imports in India is restrictive and needs to be broad.
Speaking to reporters on the eve of the Aero India 2007, Mulford said that policies are likely to change over the time. "India's offsets policy is ministry based, like in some other countries. The approach should be such that it benefits the Indian industry," Mulford added.
Under India's new offsets policy on defence purchases, 30 percent of all deals valued at over 
3 billion (approximately $68 million) has to be reinvested in the country. This has given rise to apprehensions that a slew of big-ticket deals in the pipeline could be delayed as India's policy makers figure out exactly how the policy is to be implemented.
The US is a major participant at Aero India with some 50 defence-related industries and 20-25 large defence contractors showcasing their products.
Among the aircraft on view will be the frontline F-16 and F-18 combat jets, the C-17 heavy lift transport, the C-130J medium lift transport, the CH-47 heavy lift helicopter, and the Orion PC-3 maritime reconnaissance aircraft that have been offered to the Indian Air Force (IAF) and the Indian Navy.
The combat jets are among the frontrunners for an IAF order for 126 multi-role combat aircraft it requires to replace its ageing fleet of Soviet-era MiG-21 and MiG-23 fighters. The IAF has also expressed interest in the C-130J with the air chief, Air Chief Marshal S.P. Tyagi personally throwing his weight behind their acquisition. Negotiations on this are at an advanced stage.
Source: IANS
3 billion (approximately $68 million) has to be reinvested in the country. This has given rise to apprehensions that a slew of big-ticket deals in the pipeline could be delayed as India's policy makers figure out exactly how the policy is to be implemented.
The US is a major participant at Aero India with some 50 defence-related industries and 20-25 large defence contractors showcasing their products.
Among the aircraft on view will be the frontline F-16 and F-18 combat jets, the C-17 heavy lift transport, the C-130J medium lift transport, the CH-47 heavy lift helicopter, and the Orion PC-3 maritime reconnaissance aircraft that have been offered to the Indian Air Force (IAF) and the Indian Navy.
The combat jets are among the frontrunners for an IAF order for 126 multi-role combat aircraft it requires to replace its ageing fleet of Soviet-era MiG-21 and MiG-23 fighters. The IAF has also expressed interest in the C-130J with the air chief, Air Chief Marshal S.P. Tyagi personally throwing his weight behind their acquisition. Negotiations on this are at an advanced stage.
Source: IANS