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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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Wednesday, March 17, 2010

Transparency and ‘Value Receipt’ in Offset Projects

Offsets are to flow in India in the next 5-10 years. This could give rise to ‘scandals’ if not handled prudently. It is important that offsets drive value to the Buyer in a transparent and accountable manner without compromising professional integrity in the Offset System which includes all the ‘players’ both in India and abroad.

Offset projects should be screened with the same diligence as the main contract. This would need an ‘organisation’ that should be capable of conducting ‘due diligence’ on a number of offset projects, large number in most cases, with each project evaluated and valuated with ‘buyer-country-fit’ to get real value of the offsets.

All ‘leakages’ need to be plugged while evaluation is under way.

DOFA-MOD and DAC have to ‘mediate’ effectively. It is no secret that most of the offset agencies quite often are not very experienced to handle the offset projects. If required, professional help from ‘neutral experts’ can be taken. Defence Industry Units, both at home and abroad, are quite burdened with their routine schedules; offsets are extra work, need extra professional staff.

Svipja Technologies

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