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| No rethinking on defence off set | | |
Jammu, May 11
A Defence spokesman has denied the reports carried by a section of media that midterm review of Defence offset policy is being discussed at a seminar to be held on May 14.
The spokesman clarified that the offset policy has been designed by Ministry of Defence carefully after studying all aspects between direct and indirect offset.
In order to encourage Indian Defence Industry, a well considered decision was taken not to allow indirect offset. There is no rethinking on this subject as reported in a section of the media, the spokesman added. The said seminar on May 14 has nothing to do with the review of offset provisions, the spokesman maintained.
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