Defence Sector – DPP, Missions, Schemes, Security Forces, etc.

Parrikar sets $2-billion target- II

  1. Offsets: This is an area where exports and expertise can come
  2. During 2014-15, offset obligations brought in $990 million
  3. This is likely to touch $2 billion in the next two years
  4. Why? Because major deals for fighter aircraft and helicopters are expected to be signed
  5. Offset requirements: Foreign companies are required to invest a part of the contract value back in the country
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