The defence offset policy needs further revamping to allow small and medium industries (SMEs) to partake in defence offsets. Indian SMEs has a potential in areas like aero structures, landing gear, brakes and wheels, avionics, IT-based design and analysis solutions.
Defence public enterprises which get the offset benefits should outsource at least part of their orders to SMEs.
It is suggested that a permanent regulatory body of specialists should handle all offsets as a single window, preferably it to be a corporate body. It should be empowered to take decisions and guide local suppliers and MNC vendors within Govt. Guidelines.
Click to read an interrelated Article: Defence Offsets and SMEs
Svipja Technologies
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