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| 1 |
ID:
140960
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| Summary/Abstract |
The article assesses the impact of defence offset policy on the Indian defence industry, by taking into account two key parameters—foreign direct investment (FDI) inflows and exports. It observes that the offset policy has a mixed impact. On the positive side, the offset policy seems to have an impact on certain types of exports. On the negative side, the policy has not been a catalyst in bringing in foreign investment and technology inflows into the Indian defence industry, nor has it been successful in promoting its high-end manufacturing. Besides, majority of exports that the policy seems to have promoted is largely confined to parts and components.
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| 2 |
ID:
086241
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| Publication |
2009.
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| Summary/Abstract |
Although India has established a formal mechanism for implementation of the defence offset policy, the structure and procedures lack the thrust to fulfil the objective of energizing the Indian defence industry. Besides, the policy is not supported by the existing Foreign Direct Investment (FDI) and licensing policies. While evidence suggests that domestic industry can absorb offsets, what India needs is an effective body to handle offsets, liberal FDI and licensing policies, and a better banking provision. Also there is a need for a clear roadmap for transfer of technology through offsets, keeping in view India's long-term military industrial objectives.
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