CAG flags pending defence offset deals: Dassault, Boeing, Russian ROE in list

The CAG mentioned that out of total offset obligations of Rs 66,427 crore between 2007 and 2018, Rs 19,223 worth of offsets should have been discharged. But only Rs 11,396 crore worth of it had been discharged.

The Comptroller and Auditor General (CAG) of India has criticised the Defence Ministry’s offset policy, introduced in 2005, stating that it has brought “negligible Foreign Direct Investment”, and that the Defence Research Development Organisation (DRDO) “has not acquired any high technology so far”.