What's new

Breaking news ....Euro firms submit offset bids for aircraft deal

SpArK

ELITE MEMBER
May 5, 2010
22,519
18
37,134
Country
India
Location
India
Euro firms submit offset bids for aircraft deal

New Delhi: Two months after being shortlisted, French firm Dassault and consortium of European companies Eurofighter have submitted their revised offset bids for the multi-billion dollar 126 combat aircraft deal, the process for which is expected to be completed by the year end.

On April 27, India has shortlisted the two European companies for procuring 126 Medium-Multirole Combat Aircraft (M-MRCA) deal for the Indian Air Force (IAF) in which six companies were participating.

"The offsets offer, which were completed until April 14 this year, have been asked to be revised until June 17 that is today," German Ambassador Thomas Mattusek told reporters here.



Officials in Dassault also said they have already submitted the revised bids with the ministry.

Under the offsets clause in the Defence Procurement Procedure (DPP), foreign vendors bagging deals worth over Rs 300 crore have to reinvest at least 30 per cent of the contract amount into Indian defence, civilian aerospace or the homeland security sectors.

In the M-MRCA competition, companies have to invest 50 per cent of the worth of the deal into the Indian defence sector only.

"The shortlist and commercial biddings are expected to be opened in the next few weeks so that the whole project is expected to be finalised by the end of this year," the German Ambassador said.

Germany along with United Kingdom, Spain and Italy is one of the four partner nations in the Eurofighter consortium and is the lead country for the Indian campaign.

PTI

http://zeenews./news/nation/euro-firms-submit-offset-bids-for-aircraft-deal_713433.html
 
In the M-MRCA competition, companies have to invest 50 per cent of the worth of the deal into the Indian defence sector only.
anyone knows if they are going to invest it in manufacturing or r&d ?
 
Iam chilled now who would be the winner.
Will the L-1 bidder be decided on price of aircraft?
If no then why it is called low price bidder.
 
Ahh if we only knew what the actual offsets were...

Expecting some civilian nuclear tech from french, engine tech from Euro consortium


For France more likely than nuclear tech are offsets of Dassault consultancy on AURA UCAV, Thales JV with Samtel on HMS, IRST, or even AESA radar. Also of Safran group (Turbomecca, Snecma, Sagem) on Shakti engine for LUH, Kaveri - Snecma engine...) French companies are already very involved with the Indian defence industry, so could divert the offsets into these JV/co-developments to increase the cooperation. AESA and engine techs are important for us, just like such a future development like AURA UCAV and the fact that Rafale is offered by these group of companies could make things easier.
 

Users Who Are Viewing This Thread (Total: 2, Members: 0, Guests: 2)


Pakistan Defence Latest Posts

Back
Top Bottom