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In rare action, India fines Lockheed for not fulfilling offset duties

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Sources said that the penalty – a little less than $ 5,00,000 – was imposed after the defence ministry was not satisfied with the quantum of offset obligations that Lockheed undertook in India, as per its commitment when the contract was signed.

from India News | Latest News Headlines & Live Updates from India - Times of India https://ift.tt/2OAymIC

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