Bangalore, Apr 16 With Indian Aerospace and Defence budget expected to touch USD 100 billion mark in the next 10 years, an offset clause warranting foreign defence vendors to source 30 to 50 per cent of contract value within India, is expected to fetch several billion dollars worth of business for local industry. The Indian
India’s largest public research agency, the Council of Scientific and Industrial Research, or CSIR, has approved Rs300 crore ($75 million) for its Bangalore aerospace lab to design an aeroplane that can carry 90 passengers on short flights, and compete with planes of Franco-Italian aircraft maker ATR in Indian skies. National Aerospace Laboratories, or NAL, the