Defense Committee Meeting – 25th August 2017
AMCHAM’s Defense Committee held a meeting on August 25th 2017. The Ministry of Defense issued a list of FAQ’s pertaining to offsets contracts and offsets banking which was shared with members. Members discussed offset issues – retrospective applicability of offset changes, India value addition, scope of services for offset discharge, levy of penalties, offset discharge by group companies. AMCHAM’s recommendations on strategic partnership policy were also discussed. Interest on AMCHAM’s collaboration with the European Business Group (EBG) was also sought. The committee was updated about the upcoming defense related USG visits. MoD (Acquisition wing) issued an amendment to DPP 2016 on Article 16 and MOD released major activities of Department of Defense, July 2017, which were also shared with the committee.