Rafale deal with France likely to have a 30 percent offset clause.

[indo]

The over USD 6 billion deal for 36 Rafale jets is likely to have a 30 percent offset clause valued at nearly USD 2 billion that the Indian private industry will be eyeing.

Even though speculation had risen whether the clause would be included in the government to government deal, Indian as well as French sources said that there will at least 30 per cent offset clause.


Representational image. AFP

Offset policy was first introduced as part of the Defence Procurement Procedure (DPP), 2005, under which a foreign company has to invest back a portion of the deal into India.

The DPP, 2013 indicates that the objective of the Defence Offset Policy is to leverage capital acquisitions to develop Indian defence industry by fostering development of internationally competitive enterprises.

It also aims to do it by augmenting capacity for research, design and development related to defence products and services besides encouraging development of synergistic sectors like civil aerospace and internal security.

The offset clause will work out to be around USD 2 billion. During the government to government talks, the offset obligation will also be finalised, defence sources said.

They pegged the deal at over USD 6 billion including the cost of the 36 aircraft, armament and spares.

Sources pointed out that previous government to government sale route also had offset clauses.

"The private sector will substantially gain from the offset part of the Rafale deal," a senior executive of a leading corporate group said.

The criticism against the government to government deal between India and France for 36 Rafale jets was that it does not bring manufacturing and jobs to India.

Sources said the government is likely to insist Dassault Aviation, the manufacturers of Rafale, to rope in the Indian private sector, a global chain supplier to Dassault and its associates.

Defence Minister Manohar Parrikar had yesterday insisted that the deal for 36 Rafale jets does not mean that 'Make in Indian' programme has been set aside.

He said everything will depend on the quantum of the jets that India would eventually be interested in, besides the 36 and the terms and conditions agreed to once the negotiations start.

Rafale deal with France likely to have a 30 percent offset clause - Firstpost

 

[Ind4Ever]

@PARIKRAMA

@PARIKRAMA

 

[PARIKRAMA]

@PARIKRAMA

@PARIKRAMA

Look i said 30% offset with no critical TOT

The whole package including weapons would be close to Euro 6Bn so expecting around 2Bn Euro investment as offsets

Not sure if its dollars as i thot France would and India surely would like to negotiate on Euros.

 

[Ind4Ever]

Look i said 30% offset with no critical TOT

The whole package including weapons would be close to Euro 6Bn so expecting around 2Bn Euro investment as offsets

Not sure if its dollars as i thot France would and India surely would like to negotiate on Euros.

Deal must be for 5.4-5.6 € ... If it's 6 bill $ ...

And what a move by PM . First give more than what they want . Then pressure them to do the same .... Typical CEO

So now Hollande will be under pressure if he let it go . Can make dent in his political carrier. Or make it work and become a rock star for his country men .... face saver for both Modi g (Make in India ) and Hollade g (Get more jobs)

Master Stroke

 

[Shoonya]

To India

Time for International Defense Suppliers to get used to dealing with Gujju CEO !!!!!

 

[Cyberian]

Ab yeh kon se naye bongi indian gormant marnay lagi hai?

What a nation of morons. Paisay hotay nahi aur Shaikh Chilli ki tarra khwab daikhtay rehtay hain.

 

[Bornubus]

Ab yeh kon se naye bongi indian gormant marnay lagi hai?

What a nation of morons. Paisay hotay nahi aur Shaikh Chilli ki tarra khwab daikhtay rehtay hain.

Have some shame before commenting on matters which involves $$ nearly your defence budget

excluding the Bheekh part AKA military Aid

 

[Skull and Bones]

6 billion for fcuking 36 planes only?

 

[HRK]

but how that off-set clause will work .... these 36 jets are suppose to be 'all French made' ... ??

@sancho , @MilSpec , @SpArK ..... sorry to bother you people but can anyone of you help to make it understandable

thnx in advance ....

 

[JaiShriAllahNath]

Deal must be for 5.4-5.6 € ... If it's 6 bill $ ...

And what a move by PM . First give more than what they want . Then pressure them to do the same .... Typical CEO

So now Hollande will be under pressure if he let it go . Can make dent in his political carrier. Or make it work and become a rock star for his country men .... face saver for both Modi g (Make in India ) and Hollade g (Get more jobs)
Master Stroke

Its a bad deal. Remember two things about one-dimensional money-minded, greedy Gujaratis -

1. It was Gujarati kings who kept Akbar's empire in Delhi(a very small empire) alive for centuries, by funding him and even allowed Mughals to use Gujarati ports to spread Islam into Indonesia and South-East Asia. If Gujarati had shown "balls" like Marathas, you would not see any Islamic Indonesia/Malaysia today. Also, that's the reason Mughal rule worked for long in India, otherwise it would have finished long ago, without Gujarati allies and USA's geography would be manned by Indian rulers, not white-men. Europe would be using indian currency Mudra or tam-patra by now. Historic impotency always changed history in wrong way.
2. It was Gujarati kings(Jamanagar) who offered to join Pakistan in 1947, in return for "financial benefits" and "special funding to upgrade Gujarati sea-ports" from Pakistan. It was Sardar Patel who threatened Jamnagar's royal family and forced them to join India.

Sardar Patel had weaknesses too, but they haven't been discussed publicly(for obvious reasons because Modi himself is a Gujarati). The secret is, it was Sardar Patel who gave in to Nehru's demand to become PM, and didn't protest due to self-doubts.

Sardar Patel wasn't a business minded person. He kept nation above business interests. Modi's business-mindedness is only helping DOLLAR and european elites, european R&D labs.

Publicly, Modi might talk big, his actions are helping dilution of crucial indian R&D initiatives. None of developed powers grew on "imported R&D". Such thing doesn't exist. Rajiv Gandhi was golden PM, because he funded R&D in big way. Modi hasn't funded even a single thing in 10 months. All of programs(supercomputer etc.) were started by Manmohan singh. Modi isn't fit tobe PM since he has no technical knowledge which is MUST and always has been a must. Even King RAM was highly educated in 16 kinds of science and arts(including weaponry, economics & medicines).

Nowadays, any random idiot(with big mouth) becomes PM. Uneducated person like Modi will never become PM in USA or China. High education is must. In India, its fashion to blame corruption of Manmohan singh on his oxford degree. Now Indians have started thinking "uneducated PM is honest".

Lal bahadur Shashtri was a pathetic PM.
1. After winning war, he returned all lands. Refused to ask Pakistan to vacate Azad Kashmir.
2. He lacked confidence in himself, so he ran away to Soviet Union, to sign agreement with Pakistan. So, it was clear who was daddy(Soviet) here. No winner nation(in any war) goes to a foreign nation to sign a pathetic surrender. Agreement of win(and negotiations of "take & take") are always held in winner's capital(Delhi). Going to Soviet itself shows, Shashtri had no control over terms of signing. Soviet Union was dictating whole scene(for dumb people, let me say this straight - "Congress party(India) was puppet of Soviets+many nations"). Soviet is Eastern-Orthodox church. Their animosity with Christian(Roman church) is merely superficial, not theological. For both, India(Hindus) are filthy pagans(idol worshipers).

Soviet(and now Russia/Israel/France) has always kept India dependent on foreign weapons. Modi has continued this foolish trap which is going on since 1940s.

Netaji's murder in Soviet Union by Stalin, on Britain's request is an excellent example of deep hidden friendship between Eastern Orthodox Church(Soviet states/Russia) and Roman church(USA/UK/West-Europe). If you dig deeper into Cold-war, you will get more shocking facts. Soviet and USA has "exchanged" many KEY technologies from time to time.

In both world-wars, Soviet(EO Christians) supported West(Roman Christians).
Now, lets come to COLD-WAR. This COLD-WAR was all about "beating up" Islamic regions around Soviet Union to kill muslims, kill their economies and delay their rise. COLD-WAR was never about USA vs. Soviets, that's all public posturing.

Soviet-Union was broken through a deliberate consensus between EO-Christians and Roman Christians(West). The idea was - Its better to have 14 new white Christian states, than having a Soviet Union with high muslim population inside it.

India has failed to figure out this game till today.

3. Andh-bhakts(as usually happens in india) coined a pathetic story - "Lal bahadur was held in a room by Soviet agents and they forced him to sign a surrender agreement. And then they killed him". Yeah right and his pu$$y security men were watching mehboob's movie? nice story to cover up shameful slaves like Shashtri.

The only reason Shashtri gets "respect" in foolish(emotional is always foolish) nation like India is, "oh my god, he was so poor...awww, poor baby, he was so good". जसी प्रजा, तसा राजा(People get the leader they deserve).

Modi was a hope, but he turned out tobe a joker. Subramanian Swamy is right about him - "Duryodhan(Modi) has gone blind in his hunger for power and allying with kauravas(Jaitley) to get stay in power".

Modi had golden chance to kick out Jaitley as Jaitley had lost elections. What a shame!! A person who lost his parliament election, became Finance minister of India. Also, Modi kept out Lekhi too, she was more qualified than Jaitley. Youth always make better leaders. This era requires modern leaders, not phuddus like jaitley or Modi.

Reason for keeping out Lekhi was -
1. She is close to Subramanian Swamy.
2. Very high integrity. She won't keep quiet when Modi pushes corrupt defense deals. She will instantly leak information to Swamy.

 

[ptltejas]

Its a bad deal. Remember two things about one-dimensional money-minded, greedy Gujaratis -

1. It was Gujarati kings who kept Akbar's empire in Delhi(a very small empire) alive for centuries, by funding him and even allowed Mughals to use Gujarati ports to spread Islam into Indonesia and South-East Asia. If Gujarati had shown "balls" like Marathas, you would not see any Islamic Indonesia/Malaysia today. Also, that's the reason Mughal rule worked for long in India, otherwise it would have finished long ago, without Gujarati allies and USA's geography would be manned by Indian rulers, not white-men. Europe would be using indian currency Mudra or tam-patra by now. Historic impotency always changed history in wrong way.
2. It was Gujarati kings(Jamanagar) who offered to join Pakistan in 1947, in return for "financial benefits" and "special funding to upgrade Gujarati sea-ports" from Pakistan. It was Sardar Patel who threatened Jamnagar's royal family and forced them to join India.

Sardar Patel had weaknesses too, but they haven't been discussed publicly(for obvious reasons because Modi himself is a Gujarati). The secret is, it was Sardar Patel who gave in to Nehru's demand to become PM, and didn't protest due to self-doubts.

Sardar Patel wasn't a business minded person. He kept nation above business interests. Modi's business-mindedness is only helping DOLLAR and european elites, european R&D labs.

Publicly, Modi might talk big, his actions are helping dilution of crucial indian R&D initiatives. None of developed powers grew on "imported R&D". Such thing doesn't exist. Rajiv Gandhi was golden PM, because he funded R&D in big way. Modi hasn't funded even a single thing in 10 months. All of programs(supercomputer etc.) were started by Manmohan singh. Modi isn't fit tobe PM since he has no technical knowledge which is MUST and always has been a must. Even King RAM was highly educated in 16 kinds of science and arts(including weaponry, economics & medicines).

Nowadays, any random idiot(with big mouth) becomes PM. Uneducated person like Modi will never become PM in USA or China. High education is must. In India, its fashion to blame corruption of Manmohan singh on his oxford degree. Now Indians have started thinking "uneducated PM is honest".

Lal bahadur Shashtri was a pathetic PM.
1. After winning war, he returned all lands. Refused to ask Pakistan to vacate Azad Kashmir.
2. He lacked confidence in himself, so he ran away to Soviet Union, to sign agreement with Pakistan. So, it was clear who was daddy(Soviet) here. No winner nation(in any war) goes to a foreign nation to sign a pathetic surrender. Agreement of win(and negotiations of "take & take") are always held in winner's capital(Delhi). Going to Soviet itself shows, Shashtri had no control over terms of signing. Soviet Union was dictating whole scene(for dumb people, let me say this straight - "Congress party(India) was puppet of Soviets+many nations"). Soviet is Eastern-Orthodox church. Their animosity with Christian(Roman church) is merely superficial, not theological. For both, India(Hindus) are filthy pagans(idol worshipers).

Soviet(and now Russia/Israel/France) has always kept India dependent on foreign weapons. Modi has continued this foolish trap which is going on since 1940s.

Netaji's murder in Soviet Union by Stalin, on Britain's request is an excellent example of deep hidden friendship between Eastern Orthodox Church(Soviet states/Russia) and Roman church(USA/UK/West-Europe). If you dig deeper into Cold-war, you will get more shocking facts. Soviet and USA has "exchanged" many KEY technologies from time to time.

In both world-wars, Soviet(EO Christians) supported West(Roman Christians).
Now, lets come to COLD-WAR. This COLD-WAR was all about "beating up" Islamic regions around Soviet Union to kill muslims, kill their economies and delay their rise. COLD-WAR was never about USA vs. Soviets, that's all public posturing.

Soviet-Union was broken through a deliberate consensus between EO-Christians and Roman Christians(West). The idea was - Its better to have 14 new white Christian states, than having a Soviet Union with high muslim population inside it.

India has failed to figure out this game till today.

3. Andh-bhakts(as usually happens in india) coined a pathetic story - "Lal bahadur was held in a room by Soviet agents and they forced him to sign a surrender agreement. And then they killed him". Yeah right and his pu$$y security men were watching mehboob's movie? nice story to cover up shameful slaves like Shashtri.

The only reason Shashtri gets "respect" in foolish(emotional is always foolish) nation like India is, "oh my god, he was so poor...awww, poor baby, he was so good". जसी प्रजा, तसा राजा(People get the leader they deserve).

Modi was a hope, but he turned out tobe a joker. Subramanian Swamy is right about him - "Duryodhan(Modi) has gone blind in his hunger for power and allying with kauravas(Jaitley) to get stay in power".

Modi had golden chance to kick out Jaitley as Jaitley had lost elections. What a shame!! A person who lost his parliament election, became Finance minister of India. Also, Modi kept out Lekhi too, she was more qualified than Jaitley. Youth always make better leaders. This era requires modern leaders, not phuddus like jaitley or Modi.

Reason for keeping out Lekhi was -
1. She is close to Subramanian Swamy.
2. Very high integrity. She won't keep quiet when Modi pushes corrupt defense deals. She will instantly leak information to Swamy.

First tell me from which state or country you are, and what is its role in independence, and creating leadership to fight Britishers. Second, Sardar was Capitalist and not against the Money, he opposed the Ram Manohar lohia, and other socialist too, three The Gandhiji and Sardar both were from the Gujarat, and they gave good leadership, others were not denied to do that, who accept the slavery state way, You are judging the Prime Ministers of India but open new thread instead posting here, and yes Gujarat is paying how much tax from which other state are getting benefit calculation require for that too, the King of Akbar had its own power, and if you have some proof to show the Gujarat role, you have to show it here, The Jamnagar king joined the India, and claim that he was not interested to join india is bogus claim, only three states which were not interested to join the India Hyderabad, Junagarh, and Jammu and Kashmir, plz discuss in the specific thread instead here and there, and yes your claim for Gujarat is absolute absurd as Gujarati who are one of the higher tax payer, Gujarati who gave good leadership to fight against Britishers which was not prior to that, Gujarati who leads in many way.................... dont be victimise of any "ism" its need rationalism only. Hope you get that.

 

[Manindra]

but how that off-set clause will work .... these 36 jets are suppose to be 'all French made' ... ??

@sancho , @MilSpec , @SpArK ..... sorry to bother you people but can anyone of you help to make it understandable

thnx in advance ....

They have to invest or source materials from India of 30% value of whole deal.
Like we purchase C-17, C130 & P-8I from US in return US invest & source 30% of deal value from India like TATA manufacture S 92 Cabin & C130, P-8I parts & many more.

 

[skynet]

Ab yeh kon se naye bongi indian gormant marnay lagi hai?

What a nation of morons. Paisay hotay nahi aur Shaikh Chilli ki tarra khwab daikhtay rehtay hain.

 

[Capt.Popeye]

View attachment 215305

But that is not the burned area. The Burned area is much much lower down.
That needs the person to sit in a bucket of cold water.

Always suggest the correct treatment to the patient!