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Tuesday, November 29, 2005

US firms lobby India
U.S. firms are have been lobbying India individually and collectively under the US-India Business Council not to implement an offset policy.

India wants to have a policy with direct offsets worth 30% and technology transfers worth 90% for all future imports, in addition to co-production.

This could jeopardise plans to offer American fighters for India's 126 new fighters tender.

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