Yes, the contract mentions possible offsets, but this is not binding; what is binding is the total sum of the offsets achieved. So Dassault Aviation and MBDA initially proposed to meet 30% of the compensation obligation by offering DRDO cutting-edge technologies, but this was impossible, a joint project had to be drawn up in which the French would be in the minority, so DRDO would have to invest more than 50%.Concluding MoUs are not considered towards offsets. But creating actual value addition is.
Are you telling me that $4-5 billion of offset is already discharged? How about half of it?
I would say there should be more for penalty missing actual contracting deadlines. It's been 7 years. Now who is running on IST?
Rafale vendors yet to confirm technology transfer under offsets: CAG
DRDO was to receive assistance for developing LCA enginewww.thehindu.com
Dassault Aviation, MBDA yet to fulfil offset obligations under Rafale deal: CAG | India News - Times of India
India News: NEW DELHI: French aerospace major Dassault Aviation and European missile maker MBDA are yet to fulfil their offset obligations of offering high techno.m.timesofindia.com
DRDO refused, saying it was too expensive! So we had to find other investments, and for the moment we have no problems. Our investment trajectory is in line with the contract.