Defence and Aerospace Offset Policy and Practice: TSDADC Working for Offsets in India

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, October 4, 2008

TSDADC Working for Offsets in India

In almost every country, there is no meaningful difference between Direct vs Indirect Offsets. TTT Svipja Defence & Aerospace Development Company (TSDADC), will therefore stick to a uniform strategy:

Maximizing the Financial Investment and Technology Transfer value of A&D Primes into any project.
Maximizing the Local (Indian in this case) Partner's contribution so that it's not merely an offset project (ie one-sided offset credit pursuit) but a real long-term relationship and business cooperation, with a Business Plan meeting Gate 4 Investment Criteria.
TSDADC 's involvement would ideally be as a part Owner, and not just a Consultant.

Bottom line is that any country wants to see economic development and infrastructure improvement, and whether that is by Direct vs Indirect Offsets is usually a matter of paperwork, and identifying the correct Govt agency.

Brigadier (Retired) Sukhwindar Singh

http://www.defenceoffsetsindia.com/

http://www.indiandefenceindustry.com/