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India Defence Offset Contracts $ 5.67 Billion in Last Three Years

A study on impact of offsets on Defence Industrial Base has been conducted by Department of Defence Production through Institute for Defence Studies and Analysis (IDSA). 

According to the study conducted, till March 2019, MoD has signed 52 Offset contracts valued at 11.79 Billion US Dollars to be discharged through Indian Offset Partners.

In May, 2001, the Defence Industry Sector, which was hitherto reserved for the public sector, was opened up to 100% for Indian private sector participation, with Foreign Direct Investment (FDI) up to 26% both   subject to licensing. 

Further, Development of Industrial Policy & Promotion, Ministry of Commerce & Industry vide  Press Note No.5 (2016 Series), has allowed FDI under automatic route upto 49% and above 49% through government route wherever it is likely to result in access to modern technology or for other reasons to be recorded. 

Since the opening of private sector participation in defence production in 2001, 452 Industrial Licenses (ILs) have been issued till October 2019 for manufacture of a wide range of defence items, out of which a total of 109 licenses have been issued in the last three financial years....................

 

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