CAG slams French cos over Rafale offset terms

French firms Dassault Aviation and MBDA, the main companies in the Rs 59,000 crore contract for 36 Rafale fighters inked in September 2016, have been slammed by the national audit watchdog for their failure so far to fulfil offsets obligation in offering advanced technology to India. The French companies are required to plough back 50% of the contract value to India as offsets or re-investments under the deal.

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