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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/

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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.

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Saturday, June 28, 2008

Defence Offsets India Fund

Not in very distant future, India may start offering offsets against it's Defence Exports. As it is, we are seeking offsets against Defence Imports. These offsets could be in 'Cash , and /or Kind'.

It is prudent to create 'Defence Offsets India Fund' for better management of the Offset Fund. Would keep the acctg 'clean' without mixing-up with other Sub-Heads. Also helps the Indian Industry, especially MSMEs greatly.

Point to Ponder ! Indian Approach !!

Brigadier (Retired) Sukhwindar Singh
http://www.defenceoffsetsindia.com/
http://www.indiandefenceindustry.com/
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Saturday, June 21, 2008

Offset Banking

Defence Contracts fulfillment is a long drawn process, takes years. We have raised a very high expectation in the Indian Defence Industry, especially in high-tech MSMEs , wrt defence offset funds that could flow to fuel their growth. But in what timeline ?

This needs an intelligent deliberation, and policy articulation.

Major Defence Vendors interested in the Indian Market are willing to invest in India without waiting for finalisation of the contracts, provided offset banking is allowed and they are given free-hand to utilise revenues created from these ventures/ investments as 'offset credits' for future contracts bagged by them , or are allowed freedom to trade these offsets with other Vendors in fulfilment of their obligations. It does not 'hurt' anyone. In fact, it is an opportunity to gather investments for the Indian Industry with no obligations relating to the ongoing contractual processes.

We should permit offset banking, and its trading. It is NOT very easy to understand anything contrary to this Idea.

Brigadier(Retired) Sukhwindar Singh
http://www.defenceoffsetsindia.com/
http://www.indiandefenceindustry.com/
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