File photo of Congress leader P Chidambaram. India has a 30% compensation policy, which means that any equity purchase above Rs 300 crore made from a foreign defense provider requires the provider to invest at least 30% of the purchase value in India in return. . This clause is intended …
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Two weeks after the Indian Air Force (IAF) formally installed five of the 36 Rafale jets ordered from France under a 59 billion rupee deal, the country’s lead auditor said on Wednesday that the aircraft’s maker Dassault Aviation and arms supplier MBDA have not confirmed the transfer of technology (ToT) …
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The CAG released its report on Wednesday. The CAG also painted a grim picture of the effectiveness of India’s compensation policy, saying it did not find a single instance of foreign suppliers transferring high-tech to the industry. News18.com New Delhi Last update: September 23, 2020 11:17 PM IST FOLLOW US: …
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Chandigarh: The formal commissioning of the first five of the 36 Dassault Rafale multifunction fighters in the Indian Air Force (IAF) at Ambala Air Force Station on 10 September was accompanied by dire splendor at a time of greatest hardship. national and military tension with China. The five twin-engine fighters, …
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