Naval projects offer 3 b USD offsets in the mid-term. Defence PSUs and the Private Sector could absorb these offsets.
As per Plans, in addition to the acquisition of six Scorpene class submarines by 2012, the Navy has also received AON for acquiring six more submarines, four destroyers and seven frigates over the next two plan periods. The Navy, as you know, is in the forefront of indigenization. It may be recalled that India is among the 20 nations capable of indigenously designing and construction of warships.
The Navy had concluded 11 offset contracts so far, while 40 proposals were in various stages of finalization. Although many countries were wary of technology transfer of their defence products owing to IP issues, the offset route loosens the ‘grip’ as the manufacturers were willing to share technology while offering offsets.
Pse read the full Report: 3 b Offset Opportunities in the Navy
Svipja Technologies
As per Plans, in addition to the acquisition of six Scorpene class submarines by 2012, the Navy has also received AON for acquiring six more submarines, four destroyers and seven frigates over the next two plan periods. The Navy, as you know, is in the forefront of indigenization. It may be recalled that India is among the 20 nations capable of indigenously designing and construction of warships.
The Navy had concluded 11 offset contracts so far, while 40 proposals were in various stages of finalization. Although many countries were wary of technology transfer of their defence products owing to IP issues, the offset route loosens the ‘grip’ as the manufacturers were willing to share technology while offering offsets.
Pse read the full Report: 3 b Offset Opportunities in the Navy
Svipja Technologies
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