The $20 billion Medium Multi-Role Combat Aircraft program, which will acquire 126 fighters for the Indian air force, for instance, specifies a 50% offset obligation on the foreign vendor.
Defense Minister A.K. Antony recently said that 17 offset contracts have been signed so far valued at about $4.279 billion.
Roughly $3.435 billion of those deals were for aircraft, radars, drones and other systems for the Indian air force, while naval contracts reached $843 million for fleet tankers, maritime reconnaissance aircraft, radars and UAVs. India still imports almost 70% of its defense equipment.