S. Gopalaswamy

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  • S. Gopalaswamy is Member Corporate Planning, Ordnance Factory Board.

    Offset Investment Inflow Priorities for Ordnance Factories

    Offset agreements are formal arrangements of trade where some sort of leverage is exploited by a buyer to obtain compensatory benefits in the case of high value off-shore purchases by forcing the seller to undertake well-designated activities for enhancing competitiveness, up-gradation of technology for domestic industries, additions to exports, up-gradation in the infrastructure in appropriate domestic sectors, etc. Though these are business deals with built-in reciprocity clauses, it is not a matter of establishing desired equivalence of inflow and outflow resources.

    January 2009