Impact of Defence Offsets on Military Industry Capability and Self-Reliance
Impact of Defence Offsets on Military Industry Capability and Self-Reliance
Impact of Defence Offsets on Military Industry Capability and Self-Reliance
Impact of Defence Offsets on Military Industry Capability and Self-Reliance
Impact of Defence Offsets on Military Industry Capability and Self-Reliance
Impact of Defence Offsets on Military Industry Capability and Self-Reliance
Trending Bestseller

Impact of Defence Offsets on Military Industry Capability and Self-Reliance

The Road Ahead

S. N. Misra

No reviews yet Write a Review
Hardback
15 May 2012
$90.00
In Stock: Ships in 7-9 Days
Hurry up! Current stock:
icon Share icon Share
Description  
India embarked upon the liberalisation path in 1991 by dismantling the Licence, Quota, Permit Raj. A decade later, the defence sector allowed 100 percent private sector participation with 26 percent Foreign Direct Investment (FDI). The offset policy in 2005 and its subsequent refinements aimed at leveraging India's big ticket acquisitions to bring in substantial FDI, Joint Ventures (JVs) and outsourcing arrangements, thereby improving the self-reliance quotient. Despite such policy initiatives, India's military industry capability and self-reliance remain at a low ebb. There is considerable unease over the implementation of defence offsets, due to the meagre inflow of FDI into manufacturing and the R&D sector, lukewarm long-term investment interest of foreign arms majors in Indian industry and outsourcing arrangements predominantly for low end products, services and Maintenance, Repair, Overhaul (MRO) so far. To galvanise the process, the government needs to develop a comprehensive industrialisation strategy for the manufacturing sector and dovetail defence industry capability as part of this larger policy mosaic. Use of offsets can be a critical facilitator of this strategy. Of the four BRIC (Brazil, Russia, India, and China) countries that are expected to be global leaders in 2020, Brazil, China and Russia are seen to have taken significant strides in aerospace, shipbuilding, manufacturing, exports and R&D, with offsets playing a significant role. India is yet to realise its full potential in these areas. The offset policy can be a powerful instrument for such global leadership. FDI in defence should be increased to at least 50 percent as this is likely to bring in significant key manufacturing and design technology capability. Simultaneously, substantial R&D investment and joint technology projects will be needed to spur the export potential and the spin-off to the civil sector. Front end defence technology in electronics, avionics and metallurgy and propulsion has always been a precursor to overall growth in Science and Technology (S&T) and national capability build-up. This has to be supplemented by social sector investment, skill upgradation and training. A mix of direct and indirect offsets will bolster this process. A liberal offset policy, with strong government mentoring, has the heady potential to make India a global hub in defence technology and manufacturing, and more self-reliant in critical defence systems and platforms.
Customer reviews  

This product hasn't received any reviews yet. Be the first to review this product!

Write a Reviews
Flat Rate Shipping  
Easy Returns  
$90.00
In Stock: Ships in 7-9 Days
Hurry up! Current stock:
icon Share icon Share
Flat Rate Shipping  
Easy Returns  

Impact of Defence Offsets on Military Industry Capability and Self-Reliance

$90.00

Description

India embarked upon the liberalisation path in 1991 by dismantling the Licence, Quota, Permit Raj. A decade later, the defence sector allowed 100 percent private sector participation with 26 percent Foreign Direct Investment (FDI). The offset policy in 2005 and its subsequent refinements aimed at leveraging India's big ticket acquisitions to bring in substantial FDI, Joint Ventures (JVs) and outsourcing arrangements, thereby improving the self-reliance quotient. Despite such policy initiatives, India's military industry capability and self-reliance remain at a low ebb. There is considerable unease over the implementation of defence offsets, due to the meagre inflow of FDI into manufacturing and the R&D sector, lukewarm long-term investment interest of foreign arms majors in Indian industry and outsourcing arrangements predominantly for low end products, services and Maintenance, Repair, Overhaul (MRO) so far. To galvanise the process, the government needs to develop a comprehensive industrialisation strategy for the manufacturing sector and dovetail defence industry capability as part of this larger policy mosaic. Use of offsets can be a critical facilitator of this strategy. Of the four BRIC (Brazil, Russia, India, and China) countries that are expected to be global leaders in 2020, Brazil, China and Russia are seen to have taken significant strides in aerospace, shipbuilding, manufacturing, exports and R&D, with offsets playing a significant role. India is yet to realise its full potential in these areas. The offset policy can be a powerful instrument for such global leadership. FDI in defence should be increased to at least 50 percent as this is likely to bring in significant key manufacturing and design technology capability. Simultaneously, substantial R&D investment and joint technology projects will be needed to spur the export potential and the spin-off to the civil sector. Front end defence technology in electronics, avionics and metallurgy and propulsion has always been a precursor to overall growth in Science and Technology (S&T) and national capability build-up. This has to be supplemented by social sector investment, skill upgradation and training. A mix of direct and indirect offsets will bolster this process. A liberal offset policy, with strong government mentoring, has the heady potential to make India a global hub in defence technology and manufacturing, and more self-reliant in critical defence systems and platforms.

Customers Also Viewed

Discover Books for Every Interest at BookLoop

Discover your next great read at BookLoop, Australia's trusted online bookstore offering a vast selection of titles across various genres and interests. Whether you're curious about what's trending or searching for graphic novels that captivate, thrilling crime and mystery fiction, or exhilarating action and adventure stories, our curated collections have something for every reader. Delve into imaginative fantasy worlds or explore the realms of science fiction that challenge the boundaries of reality.

Books on Hobbies, Crafts, Gardening, and More

For those with a green thumb, our comprehensive range of gardening books provides insights and tips for all levels of enthusiasts. If you're aiming to enhance your financial acumen, our selection of finance, business, and management books offers valuable knowledge from industry experts. Craft lovers will appreciate our assortment of handicrafts, decorative arts, and crafts books, perfect for inspiring your next project. Engage your mind with our collection of hobbies, quizzes, and games books, or explore the mystical with our fortune-telling and divination guides.

Transport, Contemporary Fiction, and Picture Books for Kids

Transportation aficionados can immerse themselves in our extensive transportation books, including detailed works on road and motor vehicles. Young readers are not left out, with a delightful array of picture books and early learning concepts designed to educate and entertain. Fans of contemporary narratives will find compelling stories in our contemporary fiction section. Embark on epic journeys with our fantasy and science fiction titles, or gain inspiration from real-life tales in our biographies and true stories collection. Health-conscious readers can explore our health and wholefood cooking books, focusing on specific diets and conditions.

School Books, Teacher Resources, and Academic Textbooks

Textbooks for Primary, Secondary, and Higher Education

BookLoop proudly supports the educational needs of students and schools across Australia. Our textbook collection includes school books and teacher resources for every phase from primary school books, secondary school books, and essential titles for TAFE courses, vocational training, and university study. Each book is selected to align with curriculum outcomes and classroom needs, making it easy for schools and teachers to plan ahead.

Teacher Resources and Classroom Support Materials

From structured lesson planning to engaging student activities, our wide range of school books and teacher resources provides essential tools for educators. You’ll also find dedicated school and preschool teacher materials designed for early years education, classroom support, and intervention. Teachers can access a reliable selection of workbooks, literacy and numeracy programs, assessment tools, and professional development guides all in one place.

Books for Early Learning Centres and Childcare Professionals

Support the earliest stages of education with our curated range of early childhood care and education books. These titles are ideal for early learning centres, preschools, and childcare settings, offering age-appropriate resources that build foundational skills in literacy, numeracy, and emotional development. Families and educators alike trust our resources for quality, clarity, and classroom effectiveness.

Bulk Book Orders for Schools and Educational Institutions

We make bulk school book orders simple and efficient. Schools, libraries, and early learning centres can rely on BookLoop for competitive pricing, fast shipping, and expert support when sourcing large quantities of textbooks and educational materials. Whether you’re restocking for a new term or ordering resources for an entire class, our bulk ordering system ensures convenience and accuracy every step of the way.

Stay Up to Date with Book Trends

Explore our new releases for the most recent additions in romance books, fantasy books, graphic novels, crime and mystery books, science fiction books as well as biographies, cookbooks, self help books, tarot cards, fortunetelling and much more. With titles covering current trends, booktok and bookstagram recommendations, and emerging authors, BookLoop remains your go-to local australian bookstore for buying books online across all book genres.

Explore the Latest and Most Loved Books

Stay updated with the literary world by browsing our trending books, featuring the latest bestsellers and critically acclaimed works. Explore titles from popular brands like Minecraft, Pokemon, Star Wars, Bluey, Lonely Planet, ABIA award winners, Peppa Pig, and our specialised collection of ADHD books. At BookLoop, we are committed to providing a diverse and enriching reading experience for all.