Three Indian Policies Effecting Defense Trade: U.S. Industry
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Three Indian Policies Effecting Defense Trade: U.S. Industry

Wednesday, 25 September 2013, 13:10 Hrs
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Washington: Amid steps taken by the Obama administration to compress timeline and share defence related technology with India, the US defence industry has expressed frustration over three critical Indian policies, which they claim has the potential to affect the bilateral defence trade.
Based on the feedback received from the defence industry in both the countries, the Pentagon has been informed that the three critical issues are the unfeasible delays and extension on letters of offer and acceptance; lack of post-delivery risk allocation and limitations of liability and finally difficulty for US industry to execute offset commitments.
The US-India Business Council (USIBC) recently in a letter urged deputy secretary of defense Ashton Carter to raise the issues with India given their potential to affect ongoing and future contracts including those on the pipeline.
In its letter issued ahead of Prime Minister Manmohan Singh's visit to the US, USIBC said it has recently seen a disturbing lack of action by India in approving the Letter of Offer and Acceptance (LOA) for subsequent acquisitions such as for the follow-on order of (6) additional C-130Js from Lockheed Martin.
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Source: PTI
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