Chidambaram Slams Centre after CAG Audit Reveals Unmet Offsets in Rafale Deal with Dassault Aviation

India has an offset policy of 30%, which means that any capital purchases above Rs 300 crore made from a foreign defence vendor, require the vendor to invest at least 30% of the value of the purchase in India in return. This clause is meant to strengthen India’s domestic defence and aerospace sectors.

from Top Politics News- News18.com https://ift.tt/2RVlAY4