SOURCE: SWARAJYA MAG As a part of its new defence procurement policy adopted in 2005, the government introduced a clause for ‘defence offset’ in order to boost manufacturing capacity and technological capability of the local military complex. The offset clause binds foreign defence manufacturers to invest a portion of the total revenue in Indian defence firms. […]
The post Defence Offsets Are Not Working. Foreign Companies Give Indian Vendors Low Tech Work appeared first on Indian Defence Research Wing.
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