$14 Billion Worth Defence Offsets To Be Discharged: Subhash R Bhamre

HYDERABAD: Nearly $14 billion worth of defence offset obligations would be discharged in India by foreign original equipment manufacturers (OEMs) by 2028, MoS for Defence Subhash R Bhamre said today.



Reading from a prepared text of his speech, he also said that the government has emphasised on "indigenous manufacturing to reduce the defence budget by 50 percent within a decade".