It is reported in the Business Standard that the Indian Defence offsets rise to Rs 8,000 Crores.
In 2007, a mere Rs 243 Crores worth of offsets were firmed up. The figure rose tenfold to Rs 2,598 Crores in 2008. In 2009, DOFA has already cleared Rs 4,870 Crores worth of offsets and counting. These values are of Planned Productions. Actual Production has still to begin. Only a handful of Offset Partnerships that were tied up over the last three years have gone in production. The investment into Indian R&D has been negligible.
Pse read the full Report: Defence Offsets Rise to Rs 8,000 Crores
Our Comments: All these tie-ups are in anticipation of MMRCA and Other major A & D contracts. A very moderate inflow of Offsets against the signed-up contracts is appreciated as of now.
Brigadier(Retired) Sukhwindar Singh
http://www.svipja.com/
(A Global Solution for Offsets)
Credit: USIBC News Based on a Report by the Business Standard.
In 2007, a mere Rs 243 Crores worth of offsets were firmed up. The figure rose tenfold to Rs 2,598 Crores in 2008. In 2009, DOFA has already cleared Rs 4,870 Crores worth of offsets and counting. These values are of Planned Productions. Actual Production has still to begin. Only a handful of Offset Partnerships that were tied up over the last three years have gone in production. The investment into Indian R&D has been negligible.
Pse read the full Report: Defence Offsets Rise to Rs 8,000 Crores
Our Comments: All these tie-ups are in anticipation of MMRCA and Other major A & D contracts. A very moderate inflow of Offsets against the signed-up contracts is appreciated as of now.
Brigadier(Retired) Sukhwindar Singh
http://www.svipja.com/
(A Global Solution for Offsets)
Credit: USIBC News Based on a Report by the Business Standard.
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