India cracks whip against foreign arms companies

https://ift.tt/2WvJsXC Cracking the whip against foreign armament majors for failure to fulfil their offsets obligations in defence deals, India has threatened to ban a US company and put another 11 American, French, Russian and Israeli firms on a watch-list for imposition of penalties. The defence ministry (MoD) has delivered a stern message to the arms companies, seeking repeated time extensions to discharge their offsets commitments, that it won’t be business as usual any longer, say top sources.

https://ift.tt/eA8V8J from Times of India https://ift.tt/2WvJsXC