Perspectives on India’s Defence Offset Policy
- ManMohan S. Sodhi - Cass Business School, City University London, UK
- Rajiv Bhargava - Associate Director, Munjal Institute for Global Manufacturing, Mohali
As one of the largest importers of defence equipment in the world, India’s defence procurement affects many domestic and foreign companies, whether or not defence related, owing to its defence offset policy. The policy continues to evolve with as many exceptions as conformities in implementation. This is because of the country’s diverse and competing needs for defence, industrialization and economic self-sufficiency. These needs, along with the industry’s needs to make profitable investments, are articulated in this book by defence analysts, civil and elected officials, Western original equipment manufacturers and Indian manufacturers, including public sector undertakings.
The book sets out with the objective of compiling different perspectives of the primary stakeholders this space: the Indian government, global original equipment manufacturers (OEM), and Indian industrialists…the book aims to understand the evolution, and trace the possible future trajectories, of defence procurement and offset policies in India. The volume opens with a bird’s eye-view of these perspectives, followed by three sections containing chapters by individual stakeholders, and concludes with a section emphasizing the importance of Indian manufacturing…. The book succeeds in providing a comprehensive overview of India’s complex offset policies in language that is simple and easy to understand.
A wide range of analysts, consists of a compilation of different perspectives of the primary stakeholders…this book opens with a bird’s-eye view of these perspectives…provides a comprehensive overview of India’s complex offset policies in a reader friendly language.