Today’s “Word of the Day” is “Indian offset partner (IOP)” and it is a noun meaning “An Indian offset partner (IOP) is a partner company in India for the foreign defence firms to encourage technology transfers and setting up of production units in the country (as per the guidelines pertaining to Defence Procurement Procedure (DPP))”. This word is present in today’s The Hindu front page article No pressure to choose Reliance, says Dassault and click here to read it.
Courtesy: The Hindu
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