Offset Obligation and Discharge

The Department of Defence Production has come out with the list of offset contracts signed till date. The list published indicates that India has entered a total of 52 offset deals with 19 foreign defence contractors. Estimates depicts that the worth of these defence offsets in deals signed with foreign OEMs amounts to be around USD 11.80 Billion (USD 1180 Million) approximately. Defence offset worth USD 2890 Million had been disposed or discharged. This means around 24 percent of the total offset value worth $11810 Million approx.

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