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Where this country is heading - do you have any hope ?
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<blockquote data-quote="Lord Nemesis" data-source="post: 2172228" data-attributes="member: 632"><p>^^ Offsets contract does not mean they are supplying something for the aircraft. It is basically a expectation of investment from the govt. The govt says we are giving you a contract worth so many billion, so you are expected to invest certain amount of money across several eligible companies in India. The problem is that Reliance Defense was literally founded for the purpose of getting the offset contract. In order to get the eligibility they were required to own some assets including open land and reliance defense literally got money from Dassaut for even purchasing the land and meeting other eligibility criteria to get the offsets contract. </p><p></p><p>This is sort of like how MHRD gave a "Institute of Eminence" title and promise of funding to a non existent still on paper institute of reliance while leaving out more suitable institutes like IIT Madras.</p><p></p><p>Leaving aside the corruption in this deal, the bigger problem is that Reliance Defense being a defense company, there is the danger is that they could get a contract to supply parts for some other defense project if not this.</p></blockquote><p></p>
[QUOTE="Lord Nemesis, post: 2172228, member: 632"] ^^ Offsets contract does not mean they are supplying something for the aircraft. It is basically a expectation of investment from the govt. The govt says we are giving you a contract worth so many billion, so you are expected to invest certain amount of money across several eligible companies in India. The problem is that Reliance Defense was literally founded for the purpose of getting the offset contract. In order to get the eligibility they were required to own some assets including open land and reliance defense literally got money from Dassaut for even purchasing the land and meeting other eligibility criteria to get the offsets contract. This is sort of like how MHRD gave a "Institute of Eminence" title and promise of funding to a non existent still on paper institute of reliance while leaving out more suitable institutes like IIT Madras. Leaving aside the corruption in this deal, the bigger problem is that Reliance Defense being a defense company, there is the danger is that they could get a contract to supply parts for some other defense project if not this. [/QUOTE]
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Where this country is heading - do you have any hope ?
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