Larsen and Toubro Ltd (L&T) and EADS NV will shortly approach the Foreign Investment Promotion Board (FIPB), for setting up a JV for engineering and research activities in the defence sector.
This JV company will then make downstream investments for manufacturing of defence equipment such as radars, avionics and electronic warfare equipment in India to cater to the domestic and overseas markets. EADS, a European A & D firm, will hold nearly 24% stake in the JV and the balance will be with L&T. The ownership and control of the JV company will be with L&T.
The JV will conform with India’s offset policy in defence, which encourages domestic manufacturing of defence equipment.
EADS and L&T state that the benefits of the JV include a large investment, with initial job creation of nearly 400 and FE savings. Access to EADS’ technology will be another benefit that will occur.
EADS had reported revenue of €43.3 billion (about Rs 3.4 trillion) in 2008.
Brigadier (Retired) Sukhwindar Singh
http://www.svipja.com/
Credit: Nayantara Rai / CNBC-TV18
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
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.
----------------------------------------------------------------------------------------------------------
No comments:
Post a Comment