The total value of offset contracts linked to defence deals currently stands at $13.21 billion, out of which foreign military contractors have submitted claims amounting to $6.85 billion, the government told Rajya Sabha on Monday.

No offset obligation lapsed during the last five years, minister of state for defence Ajay Bhatt said in a written reply.

India’s offset policy stipulates that in all capital purchases above ₹300 crore, the foreign vendor must invest at least 30% of the value of the purchase in the country to boost indigenous capabilities.