Friday, September 2, 2011

Being Pragmatic in Offset Contracts

I feel judicious application of the Policy by India in defence procurement is the key to reaching high-tech zone where we do not have the desired grip in India, though the ToT may not be totally current in the ‘World of Defence Technology’. Pragmatism is the key to success; MOD does exhibit it abundantly in various negotiations in defence deals.

We must read Ajai Shukla’s Article keeping in mind that ‘no one will give you the current technologies; no one would like to create a competitor; Yes, still you can reach state-of-the-art technologies by leapfrog’. India will have to do this. Wisdom dictates that nothing would come on platter.

Click: MoD Flouts Offset rules, Favours Foreign Vendors

Sukhwindar

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