History suggest the offsets haven't been very beneficial for our companies and until they invest in the local R&D, We can't expect them to provide alternate to imports
That's not how it works, most privat players are not interested to invest in developments to provide our forces with arms and techs, because they are guided by profits. PSUs can't be like that, because they are under government control, they have to develop and produce, if it's profitable or not.
Now offsets are meant to divert "any kind" of jobs in return to our industry. That can be integration, maintenance and repair of the RBE AESA like DRAL will do, to production of parts like Tata does for Apache and Chinook. They don't care what job it is, as long as it's profitable. That however doesn't make then develop own radars or helicopters now, since it's only a job for them. But the more offsets will be returned, the more the companies will start to commit themselves to get better and at some point hopefully start own work too. You see the beginning with TATA, Kalyani and L&T, but they need a government that provides them with orders too and not just make marketing. TATA still waits for the C295 deal and could get a big deal with the SE MMRCA tender and already has committed themselves to the Kestrel, Kalyani just was disappointed with the cancellation of the SPIKE order and L&T is on the verge of own submarine R&D, we just need to give then the right deal know with P75I to grow for the future.
So we need offsets for sure, but we need to increase the quality of the returns and that's only possible with large scale deals like MMRCA, that sadly was canceled. A huge loss for India!