------------------------------------------------------------------------------------

Svipja's Offset Practice

Our Offset Practice helps high-tech Defence and Aerospace Industry in offset projects. www.svipja.com/ refers.

We also empanel Offset Consultants with Industry knowledge in A & D. You could fill Your 'Resume' on http://www.svipja.com/careers.php , or 'Join as a Consultant' on www.indiandefenceindustry.com/

-------------------------------------------------------------------------------------

Steps in Our Offset Process

Step 1: Acquaint Yourself first on Offset business. Please visit www.IndianDefenceIndustry.com , its connected Blogs and www.svipja.com in addition to other subject matter elsewhere. Offset Partnership and projects go thru rigorous 'Due Diligence' / 'Gate Reviews' by Vendors / Obligors.

Step 2: Register online on www.IndianDefenceIndustry.com using Internet Explorer to be part of the database of the Defence Industry. We are developing a consortium of MSMEs globally with India focus for them to participate in Aerospace and Defence direct and indirect Offset Projects.

Step 3: Obtain Industrial License, if required.We take Advisory on Products / Services to target, Capacity Creation, JV and Capital tructure incl FDI & Technology Agreements, etc.

Step 4: Become Industrial Sector Partner (ISP) of Svipja / India. We will guide the ISP firms go through qualified vendor registration process for Supply Chains of aerospace & defence firms.

Some of these steps could be attempted concurrently.

Commercials

1. Yearly Membership Fee for Registering on the Site and using e-Marketplace Engine for Buying/Selling, and accessing Info System, is as indicated in Tariffs on the Site. Fee is variable.

2. Separate Fee for Offset Consulting / Industrial Co-operation would apply. Contact svipja@gmail.com for further details.

3. Addl Fee will apply in case of market research, study and other services.

Conditions

1. Svipja provides guidance to the Indian ISP on project suitability and document/plan preparation for the Gate Review Process, and it's Presentation as required.

2. Svipja does not take responsibility for offset fund allotment to ISPs. This is decided by A &D Major Company based on the capability of the ISP to meet the needs of the A & D Major.

----------------------------------------------------------------------------------------------------------

Friday, August 5, 2011

Defence Offsets: Indian Parliament Informed

The Indian defence industry will benefit from an inflow of $30 billion as offsets through military procurements from abroad over the next decade, according to a report submitted to parliament on Wednesday, 03 Aug 2011.

In a deposition before the Parliamentary Standing Committee, the MOD said that the projection, amounting to INR 1.5 lakh crore, was made in view of the $100 billion that India is expected to spend on defence procurements in the next 10 years. The deposition was part of a report on budgetary demands for grants for 2011-12, submitted by the committee to the Lok Sabha.

Offsets is a clause in the defence ministry’s procurement policy under which any equipment import worth more than Rs.300 crore will involve ploughing back of 30 percent of the contract amount back in Indian defence, homeland security and aviation industry. The policy is in existence since 2005, and has been refined over the years now.

‘As far as offsets are concerned, it is true that our procurements in the next five to 10 years would be more that $100 billion and 30 percent of that is $30 billion, which is INR 1.5lakh crore,’ a defence ministry official told the committee.

The official also went on to explain that the offsets clause involved either in a direct purchase by foreign arms companies from Indian industry, or technology transfers, or joint ventures with domestic firms in the defence, homeland security and aviation sectors.

The official, in its report, gave the example of the recent Indo-US deal for supply of 10 Boeing C-17s to Indian Air Force (IAF), under which India’s premier military research agency Defence Research Development Organisation (DRDO) will get high altitude engine test facility and a wind tunnel facility, both firsts in the country.

The Indo-Asian News Service (IANS)

No comments: