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Indian defence offsets increase in value despite Covid-19 challenges


Indian defence offsets increase in value despite Covid-19 challenges
10 May 2021
by Jon Grevatt
Defence offsets in India worth nearly USD3.7 billion had been discharged or were under review by the Ministry of Defence (MoD) at the end of fiscal year 2020–21, recently updated MoD statistics show.
The newly updated figures also show that the value of discharged offsets increased strongly between October 2020 and the end of March. This increase is notable against a background of challenges related to the Covid-19 pandemic, which has disrupted defence-industrial supply chains.
The value of discharged defence offsets in India had grown to nearly USD2.5 billion by the end of March 2021. (Indian MoD) ....

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Offset Obligations Under The Defence Acquisition Procedure 2020 - Government, Public Sector


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The Defence Acquisition Procedure 2020 ( DAP )
released by the Ministry of Defence ( MoD ) on September
30, 2020 supersedes the Defence Procurement Policy 2016 with effect
from October 1, 2020. All new defence acquisitions will be governed
by DAP. However, if the Request for Proposals ( RFP ) has
already been issued then the vendor will be governed by the defence
procurement policy under which the RFP was issued. DAP has been
introduced to ensure timely acquisition of military equipment,
systems and platforms as required by the armed forces in terms of
performance, capabilities, and quality standards, through optimum ....

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