India's Defence Offset Policy stipulates that foreign contractors catering to the Armed Forces source systems and components from local vendors for at least ________ of the value of orders of more than Rs 300 crore.
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15 per cent
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20 per cent
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30 per cent
-
40 per cent
C
Correct answer
Explanation
India's Defence Offset Policy (DOP) 2006 mandated that foreign contractors must source at least 30% of the order value from Indian vendors for defence orders exceeding Rs 300 crore. This policy aimed to boost domestic defence manufacturing and technology transfer. The policy has since undergone revisions but 30% was the initial threshold.