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**ricochettty** · 03-30-2012, 01:46 AM

OIS Advanced Technology and Systemware Europe (SWE) announces relationship for India sales and Defence Offsets

OIS Advanced Technology (OIS-AT) and Systemware Europe (SWE) have entered into a relationship where OIS-AT acts as the prime for products of SWE to international OEM suppliers to India's Defence Industry who have a Defence Offset obligation. This agreement extends to the exclusive marketing and sale of SWE products for the India market.

"We are pleased that SWE has chosen to enter into a relationship with OIS Advanced Technology where OIS-AT markets and supplies SWE's products for the Indian market, and including for those Defence Offset obligations where local manufactured product of SWE is applicable", said Sanjay Bhandari, Chairman and Managing Director of OIS Advanced Technology.

"We are looking forward to OIS-AT's marketing and sales of our products for the India market and Defence Offset requirements. OIS-AT's team and technology capabilities are center to our decision in entering into a relationship for the burgeoning India market including for Defence Offsets", said Dave Honeybun, Managing Director of SWE.

Offsets are obligatory countertrade mechanism to drive investments of at least 30% of large global defence acquisitions into building India nascent defence industrial base. India's Defence Offset policy requires international bidders of large defence capital programs to deliver to an offset obligation via investments or purchase, including a set of other related provisions. These obligations are typically satisfied via purchases of defence, civil aviation and homeland security related products and services by these international suppliers.

SWE's agreement with OIS-AT extends the exclusive marketing, sale, and manufacture of its products for the Indian market.

03-30-2012, 01:46 AM	#16
ricochettty Join Date Nov 2005 Posts 521 Senior Member	OIS Advanced Technology and Systemware Europe (SWE) announces relationship for India sales and Defence Offsets OIS Advanced Technology (OIS-AT) and Systemware Europe (SWE) have entered into a relationship where OIS-AT acts as the prime for products of SWE to international OEM suppliers to India's Defence Industry who have a Defence Offset obligation. This agreement extends to the exclusive marketing and sale of SWE products for the India market. "We are pleased that SWE has chosen to enter into a relationship with OIS Advanced Technology where OIS-AT markets and supplies SWE's products for the Indian market, and including for those Defence Offset obligations where local manufactured product of SWE is applicable", said Sanjay Bhandari, Chairman and Managing Director of OIS Advanced Technology. "We are looking forward to OIS-AT's marketing and sales of our products for the India market and Defence Offset requirements. OIS-AT's team and technology capabilities are center to our decision in entering into a relationship for the burgeoning India market including for Defence Offsets", said Dave Honeybun, Managing Director of SWE. Offsets are obligatory countertrade mechanism to drive investments of at least 30% of large global defence acquisitions into building India nascent defence industrial base. India's Defence Offset policy requires international bidders of large defence capital programs to deliver to an offset obligation via investments or purchase, including a set of other related provisions. These obligations are typically satisfied via purchases of defence, civil aviation and homeland security related products and services by these international suppliers. SWE's agreement with OIS-AT extends the exclusive marketing, sale, and manufacture of its products for the Indian market.
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