Offset provisions were promulgated by Ministry of Defence (MOD), Government of India in DPP-2006 [1], and revised in DPP 2008 [2]. These provisions are applicable to all Capital Acquisitions categorized as ‘Buy (Global)’, i.e., outright purchase from foreign / Indian vendor, or ‘Buy and Make with Transfer of Technology’, i.e., purchase from foreign vendor followed by Licensed production, where the estimated cost of the acquisition proposal is Rs. 300 crore or more.