Offsets come in 'Cash and Kind'. Leakages in Offsets are common.
It is prudent that we create Defence Offsets India Fund regulated by an Agency of the MoD on the Concept of Escrow Account to utilise it efficiently, and prevent any leakages. Each Offset Project could be assigned money from this Fund. All inflow /outgo from the Fund are properly accounted.
In such a concept Obligors and MoD (Buyers) work in close co-ordination.
Svipja
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