India might remove offset clause to fast track S-400 import from Russia

India is in urgent need of effective air defence systems and will begin its final negotiation in March for five S-400 air defence systems. The deal is



expected to cost Rs 39,000 crore.

Any defence deal India concludes with a foreign vendor under 'Buy (Global)' or 'Buy and Make' category, where the cost is above Rs 300 crore (now Rs 2,000 crore) needs to have an offset clause, which will require the vendor to invest at least 30 percent of contract value in Indian defence and aerospace sectors.