India’s aerospace and defence sector is throwing up huge entrepreneurial opportunities worth several hundred million dollars in the form of offsets.
An offset agreement is a stipulation made between a foreign supplier(Obligor) and a local company, which requires the supplier (Obligor) to fulfill certain offset commitments in that country as part of a Prime contract. For the Air India deal, Boeing’s offset commitment is to invest $1.7 billion and for P-8I maritime recce aircraft deal, it is $630 million, President Boeing said.
Boeing has already partnered with large-sized companies like TCS , Wipro , Infosys, HCL, Infotech, Tatas, etc. The Tier-I companies in the US/EU also need to partner with several hundred small companies in India for offsets. As of now, mid-tier companies in India such as Maini, Dynamatic and QuEST support the A & D supply chain of US/EU. Opportunities exit for similar other companies to supply to US/EU A & D Companies.
A & D Sector needs skilled labour, capital, technology transfer, equipment and military or civil certification in US/EU to be part of the chain.
“Entrepreneurs need to have a very good business plan supported by experts in the field. They also might need to partner with Tier-I companies. So, find partners, have a good plan, validated by experts in the field. In this business, there is no reward, if you can’t take risks”, the President said.
TTTHG-Svipja helps You develop business plan in concert with experts in the field from US/EU for You to be capable of becoming part of the supply chain of US/EU A & D Majors. Please read our Industrial Sector Partnership (ISP) Process on our Blog, www.IndianDefenceIndustry.blogspot.com
Read the Interview of President, Boeing India: International Co-operation and Offsets
Svipja Technologies
An offset agreement is a stipulation made between a foreign supplier(Obligor) and a local company, which requires the supplier (Obligor) to fulfill certain offset commitments in that country as part of a Prime contract. For the Air India deal, Boeing’s offset commitment is to invest $1.7 billion and for P-8I maritime recce aircraft deal, it is $630 million, President Boeing said.
Boeing has already partnered with large-sized companies like TCS , Wipro , Infosys, HCL, Infotech, Tatas, etc. The Tier-I companies in the US/EU also need to partner with several hundred small companies in India for offsets. As of now, mid-tier companies in India such as Maini, Dynamatic and QuEST support the A & D supply chain of US/EU. Opportunities exit for similar other companies to supply to US/EU A & D Companies.
A & D Sector needs skilled labour, capital, technology transfer, equipment and military or civil certification in US/EU to be part of the chain.
“Entrepreneurs need to have a very good business plan supported by experts in the field. They also might need to partner with Tier-I companies. So, find partners, have a good plan, validated by experts in the field. In this business, there is no reward, if you can’t take risks”, the President said.
TTTHG-Svipja helps You develop business plan in concert with experts in the field from US/EU for You to be capable of becoming part of the supply chain of US/EU A & D Majors. Please read our Industrial Sector Partnership (ISP) Process on our Blog, www.IndianDefenceIndustry.blogspot.com
Read the Interview of President, Boeing India: International Co-operation and Offsets
Svipja Technologies
No comments:
Post a Comment