May 15, 2007 (FIDSNS)

The seminar was organized by the Department of Defence Production and was attended by the Secretary (Defence Production) Shri KP Singh, Scientific Adviser to Defence Minister Shri M. Natrajan, heads of Defence PSUs and representatives of top industry and business chambers.

Participating in the seminar, some speakers welcomed the idea of offset banking and encouragement to Small and Medium Enterprises (SMEs). They also opined that the strong IT base of the nation must get a good push for software outsourcing. Representatives of CII and FICCI, while complimenting the government for encouraging SMEs, suggested that a review of the Offset Policy might be attempted after about two years from now.