1 month ago

India's Offsets Fail to Deliver Strategic Gains

India's Offsets Fail to Deliver Strategic Gains
Opinion | India's Defence Deals Have A Serious Problem Nobody Talks About · NDTV

India wants to buy weapons from other countries but also wants those countries to help India make its own weapons.

The plan is called an offset.

But the plan has not worked well.

Only about half of the money that should have been spent on Indian companies has actually been used.

The government also wants new technology from foreign companies, but very few of those deals have succeeded.

A committee said the rules need to be stricter and that India should measure success by real technology, not just money.

The government also has to make sure that big deals between governments still involve Indian companies.

Key facts

Offset Obligation
$9.92 billion
Claims Submitted
$5.47 billion
Unsubmitted
$4.45 billion
Completed Contracts
20 out of 56
Technology Transfer Success
0
Penalty Total
$94.98 million

Quotes

Ajay Kumar

Former Indian Defence Secretary

“Plan to get rid of offset policy; it does not do much good.”
NDTV

Sources

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