NEW DELHI — India has revised its defense offsets policy to allow foreign vendors to use technology transfers to fulfill their offset obligations for Indian defense contracts.

NEW DELHI — India’s engineering and construction conglomerate Larsen & Toubro Ltd. (L&T) signed an agreement with French defense products company Nexter Systems March 30 to collaborate on the Indian army’s key artillery gun programs. Under the deal, Nexter Systems will transfer technology for its 155mm 52-caliber Towed Gun System and Mounted Gun System to Larsen. The two companies will work together on subsystem manufacturing, integration and support. Larsen also plans to assemble Nexter’s Caesar and Trajan guns in India.

NEW DELHI — India’s defense minister has directed the country’s army to restructure its acquisition procedures to improve oversight and speed purchases. On April 2, Defense Minister A.K. Antony met with top army officials led by service chief V.K. Singh to complete various proposals related to acquisition and procurement of equipment for the service.