Impact of Offset Policy on India’s Military Industrial Capability
India’s offset policy in 2005 envisaged direct purchase of products and services, Joint venture, FDI, etc. So far, 12 Offset contracts have been concluded for $2 B. The study shows that most of it is far low end products and services repair and overhaul facilities, training, and simulators. However, expected inflow in terms of long term investments, FDI have not materialized.
- July 2011 |
