MSMEs Seeking High-Tech JVs and Offsets

MSMEs in India are signing MOUs with Obligors for offsets. It is good enough for initial understanding. It is NOT the MOUs that would be very relevant between companies for business, but Agreement(s) that could be enforceable by Laws of the Obligor / Home country as negotiated, for safeguards.

Pse see our Offset Process set out on this Site, Obtain Industrial License, and become Industry Sector Partner (ISP) of our US JV to steer through the High-Tech JVs, FDI ; Offset Processes, wherever feasible.

We come as Consultants/Partners to You.

You could seek further clarifications on svipja@airtelmail.in

Ours is a Private Initiative.

Visit our e-Hub of India Defence and Aerospace Ecosystem, www.IndianDefenceIndustry.com   

Setting-up of Defence Offsets Management Wing (DOMW)

The DOMW is being set up from scratch. The DDP has so far been authorized a Defence Offsets Facilitation Agency (DOFA), an understaffed agency under a joint secretary, whose duties have been confined to putting foreign arms vendors in touch with prospective Indian offset partners. The DOMW, in contrast, will be higher-powered and more expansively manned. An Additional Secretary will head it, with a joint secretary and six full-time director-level officers under him.

“We are becoming functional right away. Six temporary directors are arriving next week from defence PSUs and the Ordnance Factory Board, until permanent officers can be posted. Eventually, civilian and military officers from all three services will man these six director-level posts,” says a top MoD officer.

Read the Full Report Presented by Ajai Shukla: Setting-up of Defence Offsets Management Wing (DOMW)

Revised Offset Guidelines

Happy to inform that the new Offset Guidelines have been issued. Connect: http://mod.nic.in/dpm/welcome.html  These should be seen in positive light.

All the best!