South Korea's defense procurement agency will shift its "offset-trade" policy from technology transfer to industrial cooperation or local manufacture in its future deals with foreign defence exporters. The change will lead to additional exports worth US$270 million between 2020 and 2024 and the creation of some 3,700 jobs, the Defense Acquisition Program Administration (DAPA) said in a statement Tuesday
The New Indian Defence Procurement Procedure (
There was no mention of decisions relating to blacklisting of companies and the report on strategic partnerships in the Indian Defense Acquisition Council (DAC) meeting press briefing Tuesday. India has already firmed up the new Defense Procurement Procedure, but it is yet to take up policy changes relating to blacklisting of firms accused of corruption
Indias Defense Acquisition Council (DAC) has approved major policy changes that include increased offset baseline, reduced delays in procedures and emphasis on local production. The DAC has cleared the new clauses to the proposed Defense Procurement Policy (DPP) on Monday
Indias revised Defense Procurement Procedure (DPP) will only be released next year as the MoD is awaiting the report of a task force on the selection of strategic partners for defense projects. “The task force report is expected by January 15
Indian Ministry of Defense (MoD) has included services as part of the new offset guidelines among various policy measures concerning the ease of doing business. Provisions have now been made with intent to provide greater flexibility to the vendors in offset contracts and reinstatement of services as an avenue for discharge of offset obligations and level playing field to Indian vendors in Capital acquisitions, the defense ministry said in a press release Wednesday
US firms will stress on implementing suggestions on offsets, technology transfer and engineering software as eligible offsets ahead of the Indian defense ministers visit to the nation. The group comprising US aviation and defense firms will be urging the ministry to throw more light on the much promoted ‘Make in India programme so as to enable active participation in the programme to meet Indias defence needs, Indian Express news daily reported Sunday
Indias new Defense Procurement Procedure (DPP) will allow foreign firms to change their Indian offset partner (IOP) anytime subject to approval. The power will be given to the Secretary, Defense Production to allow foreign firms to change their offset partners
Indias revised defense rule book for procurement that guides acquisitions is expected to be ready by November end. The revised Defense Procurement Procedure (DPP) is expected to be ready by the end of next month, Defence Minister Manohar Parrikar said Monday
The Indian defense ministry will be clearing projects for defense offsets that could cross $35 billion by the end of this year. “A majority of projects cleared by the Defense Acquisition Council over the past year will be manufactured in India by foreign companies in partnership with Indian firms
India is likely to allow defense offsets obligations to be fulfilled in non-defence areas under the new defense procurement procedure (DPP) expected to be released in mid-October. There is speculation amongst non-governmental sectors that a draft Defense Procurement Procedure (DPP) circulating in the ministry of defense (MoD) for examinations
Dilution of stringent conditions, removing nomination based Defense Public Sector Undertaking (DPSU) contracts, and setting indigenization target with a time frame will encourage Indian domestic companies to take part in defense equipment manufacturing. The Indian government should set indigenization target within a time frame to encourage domestic companies to take part in Defense equipment manufacturing
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