Author: Major General (Dr) Mrinal Suman AVSM, VSM (Retd) India has abrogated its right to select offset programmes in favour of the vendors, rendering its own needs inconsequential. The Indian policy quite unequivocally permits foreign vendors to choose methodology, areas and Indian partners to fulfill their offset obligations. Needless to say, foreign vendors would always opt for programmes that are easy to implement and cost the least.
Author: Dr Rajiv Nayan Undoubtedly, all the stakeholders need to have a coordinated approach to optimally use the offset policy and contract. The ultimate objective should be to strengthen futuristic combat capability requirements and the defence industrial base of the country.
Author: Air Marshal Anil Chopra PVSM, AVSM, VM, VSM (Retd) Ministry of Defence’s key objective of the Defence Offset Guidelines was to leverage capital acquisitions to develop Indian defence industry, improve defence research and encourage development of synergistic sectors like civil aerospace and internal security. What constitutes a legitimate offset, is a question still searching for answers. The physical valuation of offsets is complex.