I-T companies are not allowed to do research and design and software testing as part of the offset requirement.
New Delhi: The AgustaWestland chopper deal scandal has hit Indian software companies. According to the reports, many software firms are up in arms against a Defence Ministry memo which does not allow them to include research and design and software testing as part of the offset requirement.
The memo comes in the wake of allegations that Rs 400 crore in bribes was routed through two software firms IDS Infotech and Aeromatmrix under the guise of software contracts.
NASSCOM is now working with the authorities to develop systems to track such subterfuge.
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