Friday, 3 August 2018

Textron to wind down business in India as offset penalties hurt operations

SOURCE: ECONOMIC TIMES US manufacturer Textron is winding down its defence operations in India after being hit by penalties for failing to meet stringent offset guidelines and seeing a bleak revenue stream in the country. The company — which makes a range of military products from the famous Bell range of helicopters to the cutting-edge V22 Osprey and the […]

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