Opinion- On new Offsets Policy
By- John Williams Williams Global Advisors 1. Objectives of the Offset Policy have been clarified. The objectives are: a. Development of globally competitive industries b. Enhancement of India’s R&D and Design capabilities c. Encouraging the development of synergistic sectors (I’m assuming this could include sectors such as homeland security, but possibly even energy, and communications down the road) 2. A new nodal agency has been introduced with responsibility for offset discharge management (post-contract) a. The new Defense Offset Management Wing (DOMW) will have full responsibility for offset contract management b. A new position (JS – DOMW) has been created for this purpose c. Pre-contract responsibility still rests with DDP and Acquisition Wing 3. ...