The government is looking at boosting manufacturing in the aviation sector through bilateral deals.
“India provides significant business opportunities to many countries. Based on the passengers and business we provide to them, a bilateral agreement can require (the other party) to pass on the offset to us, so that we grow together…We provide passengers to them, they provide manufacturing assets to us,” civil aviation secretary R N Choubey said at an event in New Delhi on Friday.
An offset clause generally refers to a foreign company investing back a portion of the deal into India. If an airline places a bulk order for aircraft, it would require certain manufacturing or maintenance facilities to be built in the country.
17/10/15 BS Reporter/Business Standard
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“India provides significant business opportunities to many countries. Based on the passengers and business we provide to them, a bilateral agreement can require (the other party) to pass on the offset to us, so that we grow together…We provide passengers to them, they provide manufacturing assets to us,” civil aviation secretary R N Choubey said at an event in New Delhi on Friday.
An offset clause generally refers to a foreign company investing back a portion of the deal into India. If an airline places a bulk order for aircraft, it would require certain manufacturing or maintenance facilities to be built in the country.
17/10/15 BS Reporter/Business Standard
