AMCHAM’s Defense Committee met with Mr. Rajib Kumar Sen, Economic Advisor and In-Charge, DOMW, on 26th July 2018, for further discussions on AMCHAM’s recommendations submitted on the request for comments on the draft modifications to Defence Offset Guidelines on 15th May 2018.

Mr. Sen clarified that the thrust of the new guidelines would be on investments as proposed in the draft circulated earlier with focus on special projects, joint ventures as well as funds. While updating the group on the key aspects of the new policy being structured, he assured that the suggestions sent in by AMCHAM were also considered while formulating the new policy. He also offered AMCHAM to come back with more observations and comments once the policy is rolled out preferably by next month. He agreed that there were functionality issues in the electronic submissions and these were being worked upon.