As one of the largest importers of defence equipment in the world, India’s defence procurement affects many domestic and foreign companies, whether or not defence related, owing to its defence offset policy. The policy continues to evolve with as many exceptions as conformities in implementation. This is because of the country’s diverse and competing needs for defence, industrialization and economic self-sufficiency. These needs, along with the industry’s needs to make profitable investments, are articulated in this book by defence analysts, civil and elected officials, Western original equipment manufacturers and Indian manufacturers, including public sector undertakings.
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About the Author
ManMohan S. Sodhi is Professor in Operations and Supply Chain Management at Cass Business School, City University London. He did his PhD at the University of California, Los Angeles, and his undergraduate at the Indian Institute of Technology, Delhi. From June 2011 to September 2013, he was Founding Executive Director of the Munjal Institute for Global Manufacturing and Visiting Faculty at the Indian School of Business.
Rajiv Bhargava (Retd. Colonel) is an alumnus of National Defence Academy, Defence Services Staff College and the Indian School of Business. With an extensive experience in domain of Air Defence with the Army, he has keen interests in aerospace and defence; especially defence offsets, and has been instrumental in organising the ‘Swavalamban’ series of seminars on ‘Defence Procurement’. He currently works as an Associate Director with the Munjal Institute for Global Manufacturing at ISB.
Table of ContentsForeword - S K MunjalPrefacePART I: AN OVERVIEW OF DIFFERENT PERSPECTIVESDivergent Views on Defence Offsets - ManMohan S Sodhi and Rajiv BhargavaPART II: PERSPECTIVES FROM THE INDIAN GOVERNMENT AND ANALYSTSIndia’s Needs and Defence Offsets - E S L NarasimhanOffsets: A Finance Perspective - Vijaylakshmy K GuptaObjectives and Potential of Offsets - Mrinal SumanDefence Offsets and Capability Build-up - S N MisraChinese Takeaways for Building a High-tech Defence Innovation Base in India - Smita PurushottamTechnology in Offsets: A Strategic Tool to Galvanize the Indian Defence Industry - Shobhana JoshiThe Value Chain in Defence Offsets - K V KuberKnowledge Arbitrage through Defence Offsets - S S MehtaPART III: VIEWS FROM THE GLOBAL OEMsOffsets: A Global Prime Standpoint - Nalin JainFDI in Defence Offsets - Thelakat JayadevanEssential Elements of a Successful Offset Policy - George B WhiteOffset Policy: The Link between OEM and Local Industry - Yannis AilianosNurturing Long-term Relationships through Banking and Trading of Offsets - R S BhatiaPART IV: VIEWS FROM THE INDIAN PRIVATE SECTORAn Overview of Indian Defence Manufacturing - V SumantranDealing with the Government: An SME Perspective - Arvind LakshmikumarWarship Building in India - M K BadhwarSMEs as Prime Contractors - Ashok AtluriThe Market Opportunity - Vivek LallCONCLUSIONTHE LARGER CONTEXT OF INDIAN MANUFACTURINGBuilding India’s Defence Industrial Base - R C BhargavaIndex