You are here

Perspectives on India’s Defence Offset Policy
Share

Perspectives on India’s Defence Offset Policy

Edited by:
  • ManMohan S. Sodhi - Cass Business School, City University London, UK
  • Rajiv Bhargava - Associate Director, Munjal Institute for Global Manufacturing, Mohali


February 2015 | 264 pages | SAGE India

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. 

S K Munjal
Foreword
 
Preface
 
PART I: AN OVERVIEW OF DIFFERENT PERSPECTIVES
ManMohan S Sodhi and Rajiv Bhargava
Divergent Views on Defence Offsets
 
PART II: PERSPECTIVES FROM THE INDIAN GOVERNMENT AND ANALYSTS
E S L Narasimhan
India’s Needs and Defence Offsets
Vijaylakshmy K Gupta
Offsets: A Finance Perspective
Mrinal Suman
Objectives and Potential of Offsets
S N Misra
Defence Offsets and Capability Build-up
Smita Purushottam
Chinese Takeaways for Building a High-tech Defence Innovation Base in India
Shobhana Joshi
Technology in Offsets: A Strategic Tool to Galvanize the Indian Defence Industry
K V Kuber
The Value Chain in Defence Offsets
S S Mehta
Knowledge Arbitrage through Defence Offsets
 
PART III: VIEWS FROM THE GLOBAL OEMs
Nalin Jain
Offsets: A Global Prime Standpoint
Thelakat Jayadevan
FDI in Defence Offsets
George B White
Essential Elements of a Successful Offset Policy
Yannis Ailianos
Offset Policy: The Link between OEM and Local Industry
R S Bhatia
Nurturing Long-term Relationships through Banking and Trading of Offsets
 
PART IV: VIEWS FROM THE INDIAN PRIVATE SECTOR
V Sumantran
An Overview of Indian Defence Manufacturing
Arvind Lakshmikumar
Dealing with the Government: An SME Perspective
M K Badhwar
Warship Building in India
Ashok Atluri
SMEs as Prime Contractors
Vivek Lall
The Market Opportunity
 
CONCLUSION—THE LARGER CONTEXT OF INDIAN MANUFACTURING
R C Bhargava
Building India’s Defence Industrial Base
 
Index

The book sets out with the objective of compiling different perspectives of the primary stakeholders this space: the Indian government, global original equipment manufacturers (OEM), and Indian industrialists…the book aims to understand the evolution, and trace the possible future trajectories, of defence procurement and offset policies in India. The volume opens with a bird’s eye-view of these perspectives, followed by three sections containing chapters by individual stakeholders, and concludes with a section emphasizing the importance of Indian manufacturing…. The book succeeds in providing a comprehensive overview of India’s complex offset policies in language that is simple and easy to understand.

Business Standard, 24 July 2015

A wide range of analysts, consists of a compilation of different perspectives of the primary stakeholders…this book opens with a bird’s-eye view of these perspectives…provides a comprehensive overview of India’s complex offset policies in a reader friendly language.

Millennium Post, 24 April, 2016

Preview this book

ManMohan S. Sodhi

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. More About Author

Rajiv Bhargava

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. More About Author

Purchasing options

Please select a format:

ISBN: 9789351501398
₹1,045.00