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India imposes penalty for offsets delay in Rafale deal

India has imposed a penalty for delay in fulfilling offsets commitments in the euro 7.8 billion deal for 36 French Rafale fighters, as part of the overall new policy to tighten the screws on defaulting armament majors. The fine has been “imposed and collected” from missile-maker MBDA, which is the weapons package supplier for the Rafale jets manufactured by Dassault Aviation, in the mega contract inked by India in September 2016, top defence sources have said.

from Times of India https://ift.tt/3z1P5w5
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