Special Correspondent

BANGALORE: Aviation company, Lockheed Martin, is looking at the ‘offset clause’ in defence procurements as a possible business opportunity which could lead to partnerships in India, both in the public and private sectors.

Speaking to reporters here on Friday, after presenting medals to the winners of the Lockheed Martin Innovation Growth Programme, Royce L. Caplinger, Managing Director, Lockheed Martin Global, said “We are not yet a household name in India and events like these help in building our brand image”. The aviation major is reported to be among the contenders for the $9 billion multi-role combat aircraft deal for the Indian Air Force.

Lockheed Martin is now considering more than 26 business opportunities in India.