Self reliance News
Defence offset proposals worth Rs 49,000 cr in pipeline
Minister of State for Defence M M Pallam Raju said today that defence offset proposals worth Rs 49,000 crore are in the pipeline.
Offsets are the rule that any foreign military supplier must source a specified proportion of components from India. Raju was speaking at a seminar on ‘Leveraging Offsets for Naval Self Reliance’ organised by the Confederation of Indian Industry.
He also said
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