
New Delhi, 24 September 2020
As per news report of PTI, under the offset policy, a certain percentage of the deal value with foreign firms should flow into India as foreign direct investment or FDI, which would eventually include technology transfer, local manufacturing of advanced components and creating jobs. "In the offset of four contracts relating to 36 Medium Multi Role Combat Aircraft (MMRCA), the vendors Dassault Aviation and MBDA initially proposed (September 2015) to discharge 30 per cent of their offset obligation by offering high technology to DRDO," the Comptroller and Auditor General or CAG said in the report tabled in parliament, referring to the Defence Research and Development Organisation.
Source -NDTV
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