Under the offset policy, any international vendor landing an Indian defense deal worth more than 3 billion rupees ($53 million) must reinvest 30% of the value with Indian industry.
NEW DELHI — India plans to build another indigenous aircraft carrier in addition to the INS Vikrant, which is expected to join the country’s navy in 2016. “The indigenous aircraft carrier [IAC] program is planned to be [a] continuing process over the next decade-plus, with the Indian navy’s medium-term aim being to have at least two fully operational and combat worthy carriers available at any given time,” says Chief of Naval Staff Adm. Nirmal Verma. The second planned IAC could weigh about 65,000 tons and is likely to be christened INS Vishal.
