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The Parliamentary Standing Committee on Defence headed by Congress MP Satpal Maharaj has indicated that the Indian defence industry will stand to gain from an inflow of $30 billion over the next decade. These would be through joint ventures, military procurements, offsets, etc.
The Ministry of Defence made these projections to the Committee. The Ministry said that the projection amounting to Rs. 1,50,000 crore was made in view of the $100 billion that India is expected to spend on defence procurements in the next 10 years.