This is the presentation from the Aurum Webinar held on 21st December on the Indian Defence Offset Program - Challenges and Opportunities. Speakers include Amit Cowshish from Dua Associates, and V Sunder and Vikram Bihani from Aurum Equity Partners LLP.
This assessment is the seventh version of a recurring analysis of Iran’s nuclear program. This product is an exposition of the technical data contained in numerous International Atomic Energy Agency (IAEA) reports informed by the discussions of experts in the field of nuclear proliferation. It is a work in progress in that it will be revised continuously based on new information from the IAEA reports and other sources and on feedback from readers. We welcome your informed commentary on the technical considerations presented in this document. Please send your comments, with references to source-date or documentation, to INP@aei.org.
For more on Iran's nuclear program, visit www.irantracker.org.
Piracy and Maritime Security in the Indian Ocean Fanuel Lakew
The document discusses piracy and maritime security challenges in the Indian Ocean. It notes that the Indian Ocean is the most active ocean, bordered by many countries and home to a third of the world's population. It faces issues like piracy, terrorism, illegal fishing and trafficking. Responses from countries have included improving governance, intelligence sharing, and regional cooperation through organizations like IORARC and IONS to address these maritime security threats. The conclusion advocates increased naval cooperation among littoral states as the best way to combat piracy and terrorism in the region.
The document summarizes the Iran Nuclear Deal. It provides background on Iran's nuclear program and the sanctions imposed by the international community. It then describes the key terms of the 2015 deal, including limits on centrifuges and enrichment levels. It notes that the deal was reached to ensure Iran's program would remain peaceful. However, in 2018, US President Trump withdrew the US from the deal, reimposing sanctions on Iran and concerning European allies who wanted to preserve the agreement. The withdrawal impacted oil prices and international relations. Possible solutions discussed include renegotiating the deal or pursuing diplomatic and political approaches.
The document discusses the need for a strategic framework for maritime security cooperation in the Indian Ocean Region (IOR). It notes that the IOR faces risks from interstate conflicts, terrorism, illegal activities at sea, and other threats. While regional countries recognize the need to cooperate on security issues, efforts so far have lacked momentum due to underdeveloped countries and internal political issues within states. It argues that a strong, coordinated regional organization is needed to address the many security threats facing the IOR.
strategic importance of indian ocean.pptxMahamAaqil2
This document summarizes the strategic importance of the Indian Ocean region. It discusses how the Indian Ocean's vast size and importance for trade and energy transport have led countries to compete for influence and control over key chokepoints. The most contested areas are the Strait of Malacca, Strait of Hormuz, and Bab-el-Mandeb Strait due to heavy oil shipments. While the US was historically influential, China is expanding its presence through new bases and economic initiatives. How powers respond to shifting dynamics and non-traditional threats like climate change will impact their ability to cooperate on security in the strategically critical Indian Ocean.
The heads of government of Australia, the UK and US announced the formation of a trilateral security pact, to be known by the acronym, AUKUS, the nuclear coalition, which has ignited unprecedented French fury.
Without naming China, the US President announced that “in order to deal with rapidly evolving threats,” the US and Britain would share, with Australia, intelligence and advanced technologies in areas like artificial intelligence, cyber-warfare, quantum computing and nuclear submarine construction.
Geopolitic theory & myanmar's strategic locationaungkokotoe
The document discusses geopolitical theories and Myanmar's strategic location. It summarizes key geopolitical theorists like Halford Mackinder, Nicholas Spykman, and Alfred Thayer Mahan. Mackinder proposed the Heartland Theory that whoever controls the Eurasian heartland will control the world. Spykman argued in the Rimland Theory that controlling the rimland surrounding Eurasia is most important. Mahan emphasized the importance of sea power. The document also discusses how a country's size, location, natural resources and population are important natural sources of power in geopolitics. In 3 sentences, it analyzes how Myanmar's strategic location between China, India, and Bangladesh gives it geopolitical significance according to
This document discusses the geopolitics of Myanmar. It begins by defining key geopolitical concepts and theories, such as how geopolitics examines the relationship between geography, politics, and international relations. It then discusses important geopolitical theorists like Halford Mackinder and their theories. Specifically, it outlines Mackinder's Heartland Theory. Next, it analyzes factors that influence a state's power, like size, location, natural resources, and population. It concludes by discussing Myanmar's strategic importance due to its location between China and India and control of key ocean chokepoints.
This assessment is the seventh version of a recurring analysis of Iran’s nuclear program. This product is an exposition of the technical data contained in numerous International Atomic Energy Agency (IAEA) reports informed by the discussions of experts in the field of nuclear proliferation. It is a work in progress in that it will be revised continuously based on new information from the IAEA reports and other sources and on feedback from readers. We welcome your informed commentary on the technical considerations presented in this document. Please send your comments, with references to source-date or documentation, to INP@aei.org.
For more on Iran's nuclear program, visit www.irantracker.org.
Piracy and Maritime Security in the Indian Ocean Fanuel Lakew
The document discusses piracy and maritime security challenges in the Indian Ocean. It notes that the Indian Ocean is the most active ocean, bordered by many countries and home to a third of the world's population. It faces issues like piracy, terrorism, illegal fishing and trafficking. Responses from countries have included improving governance, intelligence sharing, and regional cooperation through organizations like IORARC and IONS to address these maritime security threats. The conclusion advocates increased naval cooperation among littoral states as the best way to combat piracy and terrorism in the region.
The document summarizes the Iran Nuclear Deal. It provides background on Iran's nuclear program and the sanctions imposed by the international community. It then describes the key terms of the 2015 deal, including limits on centrifuges and enrichment levels. It notes that the deal was reached to ensure Iran's program would remain peaceful. However, in 2018, US President Trump withdrew the US from the deal, reimposing sanctions on Iran and concerning European allies who wanted to preserve the agreement. The withdrawal impacted oil prices and international relations. Possible solutions discussed include renegotiating the deal or pursuing diplomatic and political approaches.
The document discusses the need for a strategic framework for maritime security cooperation in the Indian Ocean Region (IOR). It notes that the IOR faces risks from interstate conflicts, terrorism, illegal activities at sea, and other threats. While regional countries recognize the need to cooperate on security issues, efforts so far have lacked momentum due to underdeveloped countries and internal political issues within states. It argues that a strong, coordinated regional organization is needed to address the many security threats facing the IOR.
strategic importance of indian ocean.pptxMahamAaqil2
This document summarizes the strategic importance of the Indian Ocean region. It discusses how the Indian Ocean's vast size and importance for trade and energy transport have led countries to compete for influence and control over key chokepoints. The most contested areas are the Strait of Malacca, Strait of Hormuz, and Bab-el-Mandeb Strait due to heavy oil shipments. While the US was historically influential, China is expanding its presence through new bases and economic initiatives. How powers respond to shifting dynamics and non-traditional threats like climate change will impact their ability to cooperate on security in the strategically critical Indian Ocean.
The heads of government of Australia, the UK and US announced the formation of a trilateral security pact, to be known by the acronym, AUKUS, the nuclear coalition, which has ignited unprecedented French fury.
Without naming China, the US President announced that “in order to deal with rapidly evolving threats,” the US and Britain would share, with Australia, intelligence and advanced technologies in areas like artificial intelligence, cyber-warfare, quantum computing and nuclear submarine construction.
Geopolitic theory & myanmar's strategic locationaungkokotoe
The document discusses geopolitical theories and Myanmar's strategic location. It summarizes key geopolitical theorists like Halford Mackinder, Nicholas Spykman, and Alfred Thayer Mahan. Mackinder proposed the Heartland Theory that whoever controls the Eurasian heartland will control the world. Spykman argued in the Rimland Theory that controlling the rimland surrounding Eurasia is most important. Mahan emphasized the importance of sea power. The document also discusses how a country's size, location, natural resources and population are important natural sources of power in geopolitics. In 3 sentences, it analyzes how Myanmar's strategic location between China, India, and Bangladesh gives it geopolitical significance according to
This document discusses the geopolitics of Myanmar. It begins by defining key geopolitical concepts and theories, such as how geopolitics examines the relationship between geography, politics, and international relations. It then discusses important geopolitical theorists like Halford Mackinder and their theories. Specifically, it outlines Mackinder's Heartland Theory. Next, it analyzes factors that influence a state's power, like size, location, natural resources, and population. It concludes by discussing Myanmar's strategic importance due to its location between China and India and control of key ocean chokepoints.
International Relations Between India And PakistanKunal
In 1947, British India was partitioned along religious lines into India and Pakistan, displacing millions and killing hundreds of thousands. This caused ongoing tensions over the region of Kashmir, which both countries claim. In 1971, India supported the independence of East Pakistan (now Bangladesh), fighting a war with Pakistan and taking many prisoners. During the Cold War era, international relations between India and Pakistan deteriorated further as the two countries aligned with opposing global alliances. By the late 1990s, both had developed nuclear weapons amid increasing tensions, worrying the international community and leading to aid restrictions. The 2008 Mumbai terrorist attacks, carried out by Pakistan-trained groups, further strained relations between the neighboring nations despite religious diversity now existing within both countries.
In a recent development, India’s defence minister suggested that the “country may redesign it’s ‘No First Use’ policy of nuclear weapons”, raising stakes at a time of high tension due to abrogation of Article 370 with its “nuclear-armed” neighbour Pakistan.
The document discusses the Joint Comprehensive Plan of Action (JCPOA), an agreement between Iran, P5+1 countries, and the EU to resolve the international community's concerns with Iran's nuclear program. It outlines the key points of the deal, including extending Iran's breakout time to develop a nuclear weapon to at least one year and allowing the lifting of sanctions in exchange for restrictions and transparency on Iran's nuclear activities. The economic and geopolitical impacts are debated, with supporters believing it will benefit global oil prices and security, while critics like Netanyahu argue it threatens Israel's security.
THREATS AND CHALLENGES
TO INDIAS NATIONAL SECURITY
BY BRIG HEMANT MAHAJAN YUDHA SEVA MEDAL
CONVENTIONAL WARS
WMD
MARITIME
NON TRADITIONAL
TERRORISM
CYBER WAR
WATER WARS
INDIAN DIASPORA
ENERGY SECURITY
TRADE WAR,ECONOMIC SUBVERSION
The document provides information about the Joint Comprehensive Plan of Action (JCPOA) regarding Iran's nuclear program. It summarizes that the deal cuts off all of Iran's potential pathways to develop a nuclear weapon by reducing its centrifuges and stockpile of enriched uranium. It establishes a rigorous inspections regime to verify compliance. Sanctions can be reimposed if Iran violates the agreement. The deal is supported by U.S. allies and most of the international community as the best way to ensure Iran does not obtain nuclear weapons.
Iran wants to avoid direct conflict with Saudi Arabia for several reasons:
1) Iran sees the tensions between itself and Saudi Arabia as largely resulting from US presence in the region, which threatens Iranian security interests.
2) Iran is pursuing a policy of regional cooperation and diplomatic solutions to issues like Syria to reduce justification for US military intervention.
3) Maintaining patience and avoiding tension with Saudi Arabia helps deter Saudi efforts to draw the US into greater military involvement in the region against Iranian interests.
COMSATS Institute of Information Technology,Lahore,Pakistan
This was my presentation in class.
I made this and now I'm Sharing it to you to gain some knowledge.
This basically contains relationship of Pakistan with Arabs.
Pakistan and Iran have close cultural, religious, and economic ties dating back centuries. They share a 909 km border and have supported each other militarily and politically, including during the 1965 and 1971 Indo-Pakistani wars where Iran provided military aid to Pakistan. Economic cooperation has increased in recent decades through agreements like the Iran-Pakistan gas pipeline and preferential trade deals, though American opposition to Iran poses challenges. Defense cooperation is also an important aspect of the bilateral relationship.
The Takshashila Institution and the US Consulate, Chennai, hosted a roundtable conference on reviewing India’s coastal security architecture at The Hyatt MG Road, on 23 September 2016.
The slides provide an overview of the event, the key challenges faced by India in securing its coastline, views and recommendations by the discussants on ways to overcome them.
The document discusses the Law of Armed Conflict (LOAC). It defines LOAC as the branch of international law that seeks to limit the effects of armed conflict by protecting non-combatants and restricting means and methods of warfare. LOAC applies to both international and non-international armed conflicts. It aims to protect civilians, prisoners of war, and limit unnecessary suffering. Key LOAC principles are military necessity, distinction between combatants and civilians, and proportionality in attacks. The Geneva Conventions of 1949 are important sources of LOAC rules governing treatment of wounded forces, prisoners of war, and civilians.
The Nuclear Suppliers Group (NSG) is a group of nuclear supplier countries that seeks to contribute to the non-proliferation of nuclear weapons through the implementation of two sets of Guidelines for nuclear exports and nuclear-related exports.
India's bid for NSG was stopped by China on 24 Jun 2016
Issues of conflict between india and pakistanFaizan Shabbir
The document outlines several key issues of conflict between India and Pakistan, including Sir Creek, the Siachin Glacier, and water disputes. Sir Creek is an unresolved maritime boundary in the Runn of Kutch region, which both countries claim. The Siachin Glacier is a strategically important mountainous region where both countries maintain a permanent military presence. There are also ongoing water disputes around dams and hydroelectric projects on rivers like the Chenab that flow between the two countries. These issues remain unresolved sources of tension despite numerous negotiations and treaties over the decades.
Convention for safe containers or CSC 1972 is an international agreement formed for ensuring the level of safety of human life by setting common international safety requirements for the structural design and ongoing inspection and maintenance of cargo containers.
Communicating the New Maritime StrategyCappy Surette
“A Cooperative Strategy for 21st Century Seapower” recognized the economic links of the global system and how any disruption due to regional crises – manmade or natural – can adversely impact the U.S. economy and quality of life. This new strategy charts a course for the Navy, Coast Guard and Marine Corps to work collectively with each other and international partners to prevent these crises from occurring or reacting quickly should one occur to avoid negative impacts to the U.S.
Nuclear arms race between india and pakistan risesafaidiana
India and Pakistan have had a fraught relationship since gaining independence in 1947. Their rivalry has escalated due to the nuclear arms race between the two countries. The development of nuclear weapons by both India and Pakistan has been driven by ideology, history, and the modernization of weapons internationally. It also stems from the balance of power theory, as each country seeks to offset the other's military threat. During the Cold War, their tensions were exacerbated by domestic issues like the Kashmir dispute and religious divisions, as well as foreign interventions that altered the regional power dynamic. These factors have continued influencing their fraught relationship in the post-Cold War era.
Rising china’s growing presence in South Asia and the Indian ocean.Will this ...Vinoli Soysa
This document provides information on China's growing presence and influence in South Asia and the Indian Ocean region. It discusses China's "String of Pearls" strategy of building ports and diplomatic ties across the Indian Ocean rim. This includes the Gwadar port in Pakistan and relationships with Sri Lanka, Bangladesh, and Burma. China's goals are to protect its economic and security interests, particularly oil shipments from the Middle East, and to counter growing Indian influence in the region. The document examines China's strengthening political and economic relations with Pakistan, Sri Lanka, and other South Asian nations through trade agreements and infrastructure development projects.
Human vs National Security in the International arenaGabriel Orozco
This document discusses security studies and different perspectives on international order. It analyzes three trends in security studies since the Cold War: 1) Those who argue the international system has not fundamentally changed; 2) The Copenhagen School's securitization theory which examines how issues become security issues; 3) Rational choice theory which views security as affecting states' use of force based on calculations. The document concludes that security studies provides a framework for interpreting phenomena and there are challenges in balancing human and national security perspectives.
This MC word documents includes the current water disputes that exist in South Asia. The disputed country discussed are;
Pakistan-India
Bangladesh-India
Nepal-India
India-Bhuta
India-Sri-Lanka.
The document provides an overview of India's foreign policy, outlining its evolution, framework, objectives, and relationships with neighboring countries. It discusses the key principles that guide India's foreign policy, including non-alignment and promoting peace. It also examines India's relations with major neighbors like China, Pakistan, Sri Lanka, Bangladesh, and Nepal. While border disputes and security issues have strained some relations, India generally pursues friendly ties and cooperation across South Asia. The document traces how India's foreign policy has adapted to changes in the global landscape since the end of the Cold War.
This is the Statement of Credentials put forward by Aurum Equity Partners LLP. This document was last updated on February 2017. For inquiries, visit http://www.aurumequity.com
- This document discusses a webinar being hosted by Aurum Equity Partners LLP on June 27th, 2014 about private equity and foreign investments in the Indian dairy industry.
- It provides an overview of the speakers for the webinar - Nitin Jain and Dr. R.S. Khanna from Aurum Equity Partners and introduces their backgrounds and areas of expertise related to the dairy industry.
- A disclaimer is also included stating that the information provided is for internal use only and does not constitute an offer to sell securities or assets.
International Relations Between India And PakistanKunal
In 1947, British India was partitioned along religious lines into India and Pakistan, displacing millions and killing hundreds of thousands. This caused ongoing tensions over the region of Kashmir, which both countries claim. In 1971, India supported the independence of East Pakistan (now Bangladesh), fighting a war with Pakistan and taking many prisoners. During the Cold War era, international relations between India and Pakistan deteriorated further as the two countries aligned with opposing global alliances. By the late 1990s, both had developed nuclear weapons amid increasing tensions, worrying the international community and leading to aid restrictions. The 2008 Mumbai terrorist attacks, carried out by Pakistan-trained groups, further strained relations between the neighboring nations despite religious diversity now existing within both countries.
In a recent development, India’s defence minister suggested that the “country may redesign it’s ‘No First Use’ policy of nuclear weapons”, raising stakes at a time of high tension due to abrogation of Article 370 with its “nuclear-armed” neighbour Pakistan.
The document discusses the Joint Comprehensive Plan of Action (JCPOA), an agreement between Iran, P5+1 countries, and the EU to resolve the international community's concerns with Iran's nuclear program. It outlines the key points of the deal, including extending Iran's breakout time to develop a nuclear weapon to at least one year and allowing the lifting of sanctions in exchange for restrictions and transparency on Iran's nuclear activities. The economic and geopolitical impacts are debated, with supporters believing it will benefit global oil prices and security, while critics like Netanyahu argue it threatens Israel's security.
THREATS AND CHALLENGES
TO INDIAS NATIONAL SECURITY
BY BRIG HEMANT MAHAJAN YUDHA SEVA MEDAL
CONVENTIONAL WARS
WMD
MARITIME
NON TRADITIONAL
TERRORISM
CYBER WAR
WATER WARS
INDIAN DIASPORA
ENERGY SECURITY
TRADE WAR,ECONOMIC SUBVERSION
The document provides information about the Joint Comprehensive Plan of Action (JCPOA) regarding Iran's nuclear program. It summarizes that the deal cuts off all of Iran's potential pathways to develop a nuclear weapon by reducing its centrifuges and stockpile of enriched uranium. It establishes a rigorous inspections regime to verify compliance. Sanctions can be reimposed if Iran violates the agreement. The deal is supported by U.S. allies and most of the international community as the best way to ensure Iran does not obtain nuclear weapons.
Iran wants to avoid direct conflict with Saudi Arabia for several reasons:
1) Iran sees the tensions between itself and Saudi Arabia as largely resulting from US presence in the region, which threatens Iranian security interests.
2) Iran is pursuing a policy of regional cooperation and diplomatic solutions to issues like Syria to reduce justification for US military intervention.
3) Maintaining patience and avoiding tension with Saudi Arabia helps deter Saudi efforts to draw the US into greater military involvement in the region against Iranian interests.
COMSATS Institute of Information Technology,Lahore,Pakistan
This was my presentation in class.
I made this and now I'm Sharing it to you to gain some knowledge.
This basically contains relationship of Pakistan with Arabs.
Pakistan and Iran have close cultural, religious, and economic ties dating back centuries. They share a 909 km border and have supported each other militarily and politically, including during the 1965 and 1971 Indo-Pakistani wars where Iran provided military aid to Pakistan. Economic cooperation has increased in recent decades through agreements like the Iran-Pakistan gas pipeline and preferential trade deals, though American opposition to Iran poses challenges. Defense cooperation is also an important aspect of the bilateral relationship.
The Takshashila Institution and the US Consulate, Chennai, hosted a roundtable conference on reviewing India’s coastal security architecture at The Hyatt MG Road, on 23 September 2016.
The slides provide an overview of the event, the key challenges faced by India in securing its coastline, views and recommendations by the discussants on ways to overcome them.
The document discusses the Law of Armed Conflict (LOAC). It defines LOAC as the branch of international law that seeks to limit the effects of armed conflict by protecting non-combatants and restricting means and methods of warfare. LOAC applies to both international and non-international armed conflicts. It aims to protect civilians, prisoners of war, and limit unnecessary suffering. Key LOAC principles are military necessity, distinction between combatants and civilians, and proportionality in attacks. The Geneva Conventions of 1949 are important sources of LOAC rules governing treatment of wounded forces, prisoners of war, and civilians.
The Nuclear Suppliers Group (NSG) is a group of nuclear supplier countries that seeks to contribute to the non-proliferation of nuclear weapons through the implementation of two sets of Guidelines for nuclear exports and nuclear-related exports.
India's bid for NSG was stopped by China on 24 Jun 2016
Issues of conflict between india and pakistanFaizan Shabbir
The document outlines several key issues of conflict between India and Pakistan, including Sir Creek, the Siachin Glacier, and water disputes. Sir Creek is an unresolved maritime boundary in the Runn of Kutch region, which both countries claim. The Siachin Glacier is a strategically important mountainous region where both countries maintain a permanent military presence. There are also ongoing water disputes around dams and hydroelectric projects on rivers like the Chenab that flow between the two countries. These issues remain unresolved sources of tension despite numerous negotiations and treaties over the decades.
Convention for safe containers or CSC 1972 is an international agreement formed for ensuring the level of safety of human life by setting common international safety requirements for the structural design and ongoing inspection and maintenance of cargo containers.
Communicating the New Maritime StrategyCappy Surette
“A Cooperative Strategy for 21st Century Seapower” recognized the economic links of the global system and how any disruption due to regional crises – manmade or natural – can adversely impact the U.S. economy and quality of life. This new strategy charts a course for the Navy, Coast Guard and Marine Corps to work collectively with each other and international partners to prevent these crises from occurring or reacting quickly should one occur to avoid negative impacts to the U.S.
Nuclear arms race between india and pakistan risesafaidiana
India and Pakistan have had a fraught relationship since gaining independence in 1947. Their rivalry has escalated due to the nuclear arms race between the two countries. The development of nuclear weapons by both India and Pakistan has been driven by ideology, history, and the modernization of weapons internationally. It also stems from the balance of power theory, as each country seeks to offset the other's military threat. During the Cold War, their tensions were exacerbated by domestic issues like the Kashmir dispute and religious divisions, as well as foreign interventions that altered the regional power dynamic. These factors have continued influencing their fraught relationship in the post-Cold War era.
Rising china’s growing presence in South Asia and the Indian ocean.Will this ...Vinoli Soysa
This document provides information on China's growing presence and influence in South Asia and the Indian Ocean region. It discusses China's "String of Pearls" strategy of building ports and diplomatic ties across the Indian Ocean rim. This includes the Gwadar port in Pakistan and relationships with Sri Lanka, Bangladesh, and Burma. China's goals are to protect its economic and security interests, particularly oil shipments from the Middle East, and to counter growing Indian influence in the region. The document examines China's strengthening political and economic relations with Pakistan, Sri Lanka, and other South Asian nations through trade agreements and infrastructure development projects.
Human vs National Security in the International arenaGabriel Orozco
This document discusses security studies and different perspectives on international order. It analyzes three trends in security studies since the Cold War: 1) Those who argue the international system has not fundamentally changed; 2) The Copenhagen School's securitization theory which examines how issues become security issues; 3) Rational choice theory which views security as affecting states' use of force based on calculations. The document concludes that security studies provides a framework for interpreting phenomena and there are challenges in balancing human and national security perspectives.
This MC word documents includes the current water disputes that exist in South Asia. The disputed country discussed are;
Pakistan-India
Bangladesh-India
Nepal-India
India-Bhuta
India-Sri-Lanka.
The document provides an overview of India's foreign policy, outlining its evolution, framework, objectives, and relationships with neighboring countries. It discusses the key principles that guide India's foreign policy, including non-alignment and promoting peace. It also examines India's relations with major neighbors like China, Pakistan, Sri Lanka, Bangladesh, and Nepal. While border disputes and security issues have strained some relations, India generally pursues friendly ties and cooperation across South Asia. The document traces how India's foreign policy has adapted to changes in the global landscape since the end of the Cold War.
This is the Statement of Credentials put forward by Aurum Equity Partners LLP. This document was last updated on February 2017. For inquiries, visit http://www.aurumequity.com
- This document discusses a webinar being hosted by Aurum Equity Partners LLP on June 27th, 2014 about private equity and foreign investments in the Indian dairy industry.
- It provides an overview of the speakers for the webinar - Nitin Jain and Dr. R.S. Khanna from Aurum Equity Partners and introduces their backgrounds and areas of expertise related to the dairy industry.
- A disclaimer is also included stating that the information provided is for internal use only and does not constitute an offer to sell securities or assets.
Why Video Interviewing Will Never Replace the Handshake: Find out how leading corporate recruiters are using video interviewing as part of their on- and off-campus recruitment efforts.
Empowering SMEs in Aerospace & Defence: A BlueprintRaj Narayan
The Aerospace and Defense arena is the sunrise industrial sector of India today. Self-reliance in the Aerospace and Defense sector is crucial to the security and sustainable growth of India..... Empowering SMEs in Aerospace & Defence... How ?
The document discusses India's policy of allowing foreign direct investment in its defense industry. While India has allowed up to 26% FDI since 2001, the policy has not achieved meaningful financial or technological benefits due to a lack of incentives. Raising the cap to 100% could attract more investment and transfers of technology to develop India's defense industry. However, each investment would require careful review given national security sensitivities. Despite raising the cap to 49%, this may still be insufficient and a higher cap such as 51-100% may be needed to significantly impact the defense industry. Strong government regulation could help address concerns about foreign ownership and management control.
Billion Dollar Opportunities in the Indian Defence SectorDr. Amit Kapoor
This presentation was delivered by Dr V K Saraswat at India's National Competitiveness Forum 2015, the flagship event of India Council on Competitiveness.
Institute for Competitiveness (India) the Indian knot in the global network of the Institute for Strategy and Competitiveness at Harvard Business School has initiated the India Council on Competitiveness. The Council, created in collaboration with the U.S. Council on Competitiveness; is based in Gurgaon, India and is an association of distinguished members from industry, academia, think tanks, media and researchers. The mission of the India Council is to set an action agenda to drive Indian competitiveness, productivity and leadership in world markets to raise the standard of living for all Indians. For more information, visit www.compete.org.in
INDUSTRY ANALYSIS OF INDIAN DEFENCE SECTOR - FinalJay Prajapati
The document analyzes the Indian defense sector, including its history, key players, budget trends, and SWOT analysis. Some key points:
1. The defense industry in India is large and growing, but heavily reliant on imports currently.
2. Major players include public sector companies like HAL, BEL, and MDL as well as private companies entering the sector.
3. The defense budget has increased annually by an average of 8%, with the capital budget intended for modernization, but often underspent.
4. Strengths include government support and skilled workforce, while weaknesses include corruption and low innovation. Opportunities lie in the growing market, but threats include strategic technology barriers.
In this episode, Jeff Williams interviews Justin Somaini of Box.com. They discuss security implications from a consumer perspective, how security and the cloud environment work together, and revisit Bill Gates Trustworthy Computing memo from 2002.
Talk delivered at YOW! Developer Conferences in Melbourne, Brisbane and Sydney Australia on 1-9 December 2016.
Abstract: Governments collect a lot of data. Data on air quality, toxic chemicals, laws and regulations, public health, and the census are intended to be widely distributed. Some data is not for public consumption. This talk focuses on open government data — the information that is meant to be made available for benefit of policy makers, researchers, scientists, industry, community organisers, journalists and members of civil society.
We’ll cover the evolution of Linked Data, which is now being used by Google, Apple, IBM Watson, federal governments worldwide, non-profits including CSIRO and OpenPHACTS, and thousands of others worldwide.
Next we’ll delve into the evolution of the U.S. Environmental Protection Agency’s Open Data service that we implemented using Linked Data and an Open Source Data Platform. Highlights include how we connected to hundreds of billions of open data facts in the world’s largest, open chemical molecules database PubChem and DBpedia.
WHO SHOULD ATTEND
Data scientists, software engineers, data analysts, DBAs, technical leaders and anyone interested in utilising linked data and open government data.
Why Your Company MUST Upgrade Windows XP, Office 2003 & Small Business Serve...Chad Massaker
The world of technology is ever changing. Join us each month for real world updates, implementation strategies and KPI's on topics like search engine optimization, cloud computing, social media and more!
With less than a year left before Microsoft pulls the plug on its still-widely used operating system (OS) Windows XP, Windows 2003 Small Business Server and Office 2003, businesses must have a migration plan or risk facing compliance issues. Please join us as Chad Massaker, CEO, Carceron covers the following topics:
•The risks of of not upgrading systems running these obsolete platforms. Especially if your are in healthcare or take credit cards.
•The potential tax advantages of completing your upgrades by the end of 2013
•Should you stick with desktops? Or try something new? Like a tablet? or a Chromebook? Pros and Cons of Everything.
•Do I really need a need a server? Or can I just go all Cloud?
•Cloud alternatives to all of the above.
This document provides information about Cal Net Technology Group (CNTG), a Southern California IT services provider. It discusses CNTG's mission to enable IT solutions for clients to focus on their core business. It outlines CNTG's managed services, professional services, and security offerings. It also highlights some of CNTG's industry awards and accomplishments working with clients in various sectors. Finally, it discusses current cybersecurity trends such as ransomware and the importance of defense in depth strategies.
Are you overwhelmed by storage capacity requirements? Are you wondering how web giants are able to store large amounts of data at a fraction of your storage costs?
OpenStack is the fastest growing open-source project to date, and its community builds cloud software. Join us to learn about the two OpenStack storage projects and how your company can take advantage of them.
OpenStack storage allows the use of commodity hardware at massive scales that you can consume as a public, private, or hybrid cloud.
View the on-demand webinar. Special guest speaker Randy Bias, founder and CEO of Cloudscaling and member of the Board of Directors for OpenStack Foundation, and EVault big data expert Joey Yep will inform you about this fast-growing, open-source project: OpenStack.
• OpenStack Swift and Cinder storage projects
• High-level functionality and architecture
• Public, private, and hybrid use-cases
iBOS Solution: iBOS is a business operations suite that automates & optimizes internal operations by connecting people, departments, resources and support divisions, to serve the enterprise core business in a timely & competitive manner. Presented as part of Guest speaker slot in Application Innovation Track- Industry Solutions Showcase at Appian World 2015 from Apr 27-29 at WA, DC.
In this webinar -- How marketers can leverage Ektron DXH's Exact Target for better client engagement -- we will discuss:
1. How to increase customer engagement and target personalized content.
2. How the Ektron DXH - ExactTarget Connector can solve the problems of marketers, and fill the gaps in existing tools.
3. Demo of Ektron - ExactTarget connector.
Webinar Video: https://www.youtube.com/watch?v=5h47CbfMXZw
Website: http://suyati.com/services/cms/ektron/
Phillip securities market outlook seminar market technical outlookNinja Tan
The document provides a technical market outlook and analysis of various asset classes and sectors. It includes:
1. An economic snapshot and outlook for world equities, gold, the S&P500, and an intermarket analysis.
2. A sector rotation analysis focusing on China and Singapore.
3. A concluding note on a "not so secret" secret regarding market insights.
Axis Direct presents daily derivatives report presenting recommendations based on technical analysis. For trading in derivatives visit https://simplehai.axisdirect.in/offerings/products/derivatives
https://simplehai.axisdirect.in/share-stock-prices/nse/Coal-India-Ltd-12019
Weekly Derivatives Report :10 September 2018Axis Direct
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Nifty futures closed higher with an increase in open interest, indicating long build up. FIIs were net sellers in the derivatives segment. Among stocks, BALRAMCHIN, GODREJIND, PTC and SRF saw long build up, while ARVIND, APOLLOTYRE, TORNTPOWER and SYNDIBANK saw short build up. Put options at 11,000 and 11,200 and call options at 11,500 and 11,400 saw significant open interest concentration.
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Daily Derivatives Report:14 September 2018Axis Direct
Axis Direct presents daily derivatives report presenting recommendations based on technical analysis. For trading in derivatives visit https://simplehai.axisdirect.in/offerings/products/derivatives
Axis Direct presents daily derivatives report presenting recommendations based on technical analysis. For trading in derivatives visit https://simplehai.axisdirect.in/offerings/products/derivatives
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Weekly Derivatives Report :26 March2018Axis Direct
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Daily Technical Report:01 November 2019Axis Direct
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The daily technical report provided the following key points:
1) The Nifty index closed flat after witnessing selling pressure for most of the session but recovered in the last hour of trading.
2) Technical indicators show the index is in an overall uptrend in the short to medium term and buying dips is the preferred strategy.
3) Key support and resistance levels for the Nifty are provided to watch for the next potential move in the index.
Weekly Derivatives Report :13 August 2018Axis Direct
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Partner
Experience:
Vikram is an experienced investment banker with over 18 years and over 50
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Exper9se:
• Vikram excels at fostering and developing relaEonships to enable clients to
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external environment.
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healthcare analyEcs firm, funded by some of India’s leading venture capital
funds
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organizaEon comprising some of leading entrepreneurs across the world.
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Past:
• Co-Founder and Director of
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Speaker Profiles …
4. Strategic Business Advisor – Aerospace and Defense, Automo9ve and General Engineering
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Joint Ventures, Head Corporate Planning, Head Compliance, Legal and
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Listed companies in India and abroad.
Exper9se :
• He is an Industry veteran and an InsEtuEon Builder.
• He has over 25 years of rich experience in areas of Banking, Financial
Services, Manufacturing, Design and Engineering Service
• He has been closely involved in establishing and expanding many
ventures across the Globe in diverse fields like Engineering,
AutomoEve, Defense, Aerospace, Engineering Design Services,
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Speaker Profiles …
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• While serving with the MoD he was associated with financial and contractual
ma@ers related to procurement of goods and services for the Indian Navy,
Coast Guard, Special Forces and the Army Ordnance; he also handled defence
plans and budget from 2005 to 2011
• As Financial Advisor (AcquisiEon), he handled all financial ma@ers related to
capital procurements for the services and the Coast Guard
• He has chaired the commi@ee that reviewed and draged the Defence
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Speaker Profiles
7. 7
S. No. Sec9on Page
1. Indian Defense Industry Overview 8
2. Indian Defense Offset Program 11
3. Indian Defense Offset Opportunity 20
4. Limited impact of the Offset program 23
5. Key Measures Required 28
6. Annexures 34
Index
9. 9
India accounts for ~2% of the global defense spend…
Source: Ministry of Defence, Govt. of India, SIPRI
* Figures may not be compa@ble with each other due to differences in classifica@on *Others include OFs, DGQA, RR, NCC, MF, ECHS, etc
§ India is the 6th largest country in terms of defense
spending, with the enEre defence sector, including
defence pensions, accounEng for 2.4% of India’s GDP in
2016-17
§ India’s Defence budget for 2016-17: INR 2,491 bn
(1.65% of GDP in 16-17)
§ Majority of the defense budget is allocated for revenue
expenditure (65% for the year 2016-17) and the Army
receives the largest allocaEon
§ Outlay on capital expenditure as per budget esEmates
has decreased in 2016-17 budget for accommodaEng
increases in pay (7thCPC recommendaEons) and
pension (OROP)
596
215
87 66 55 51 51 41
0.0%
4.0%
8.0%
12.0%
16.0%
-
200
400
600
USA China Saudi
Arabia
Russia UK India France Japan
Military Expenditure by Country
Military Expenditure in 2015 (USD bn) % of GDP
113 125 134 152 163
80 78
95
95 86
193 203
229
247 249
0
50
100
150
200
250
300
2012-13 2013-14 2014-15 2015-16 2016-17
Indian Defence Budget (INR ‘000 cr)
Revenue Expenditure Capital Expenditure Total
52%
16%
21%
5%
5%
Breakup of 2016-17 Defense Budget
Army
Navy
Air Force
DRDO
Others*
10. 10
..but is the largest importer of arms in the world
Source: SIPRI, Dhirendra Singh CommiGee Report 2015, Ministry of Defense
14.0%
7.0%
4.7% 4.6%
3.6% 3.4% 3.3% 2.9% 2.9% 2.6%
0.0%
5.0%
10.0%
15.0%
India Saudi
Arabia
China UAE Australia Turkey Pakistan Vietnam US South
Korea
Top 10 Arms Importer, 2011-15 (% of Global Share)
§ Due to lack of indigenously designed weapons, India has to
primarily rely on imports for meeEng its defence capital
acquisiEon requirements
§ Russia is the biggest supplier of arms to India, though US
imports in India have started growing off late
§ Going forward, India’s capex spend is expected to go up as
~50% of the country’s defence equipments are obsolete
70%
14%
5%
12%
Top Suppliers of Arms to India
(2011-15)
Russia US Israel Others
382
292
262
-
100
200
300
400
500
FY14 FY15 FY16
Procurement from Foreign Vendors by Indian
Armed Forces (INR bn)
India should accelerate its efforts to manufacture in India, which will lead to increased self-reliance in arms
procurement, and save precious foreign exchange – hence the focus on “Offset Program”
13. 13
Indian Defense Offset Policy
Source: Ministry of Defence
* No revision in 2013 but changes in 2012 were incorporated in 2013
§ The Defence Offset policy, was formally announced for the first Eme in 2005. Over the period 2005-2016, the
Defence Offset Guidelines have been revised mulEple Emes based on feedback from various stakeholders.
§ Defence Offsets Management Wing (DOMW) under the Department of Defence ProducEon is responsible for
formulaEon of Defence Offset Guidelines
Revisions in Defense Offset Guidelines over the years
Current Defense Offset Guidelines (as per DPP 2016)
§ The current DPP 2016 lays down various categories of procurement processes namely, in priority, Buy Indian –
IDDM (Indigenously Designed, Developed & Manufactured), Buy Indian, Buy & Make (Indian), Buy & Make (Global)
and Buy Global*
§ The Offset clause is applicable for ‘Buy (Global)’ or ‘Buy and Make’ categories of procurements where the
indicaEve cost of acquisiEon is INR 2,000 crores or more
§ 30% of the es9mated cost of the acquisi9on in ‘Buy (Global)’ category acquisi9ons and 30% of the foreign
exchange component in ‘Buy and Make’ category acquisi9ons will be the required value of the offset obliga9ons
§ The offset condiEon forms a part of the RFP and subsequently of the main contract. A separate offset contract is
executed simultaneously with the main contract.
2005 2006 2008 2011 2012 2013 2016
*Details of categories of procurement under DPP 2016 provided in Annexure I
14. 14
Defense Offset Ecosystem
Source: DPP 2013
Indian Offset
Partner (IOP)
Foreign OEM/
Vendor
Regulators
Avenues for Discharge of
Offset Obliga9ons
§ Direct Purchase/ Exports
§ FDI
§ Investment in kind- TOT
§ Investment in kind- Others
§ Government InsEtuEons
§ DRDO
§ Ministry of Defense
§ DIPP
§ Defense PSUs
§ Ordnance Factories
§ DRDO
§ Private Players
Tier I sub-
vendor
Discharge of Offset Obliga9ons
§ Vendor Responsibility
§ Period for discharge
§ Performance bond
§ Mandatory Offsets
§ Offset credits for TOT
§ Offset Banking
§ MulEpliers
§ ValuaEon of Offsets
Management of Offsets
§ Acquisi9on Wing -
Responsible for technical and
commercial evaluaEon of
offset proposals
§ DOMW - FormulaEon of
Defence Offset Guidelines
and all ma@ers relaEng to
post contract management
Requirement from IOP
§ Include Indian enterprises and
insEtuEons and establishments
engaged in manufacture of eligible
products and/or provision of eligible
services, including DRDO
§ IOP shall comply with the guidelines/
licensing requirements sEpulated by
DIPP
§ The OEM/vendor/Tier-I sub-vendor is
free to select IOP for implemenEng
the offset obligaEon, provided the IOP
has not been barred by MOD
17. 17
Discharge of Offset Obliga9ons (2/2)
Source: DPP 2013
Offset Banking
§ Banking of offset credits is permissible in respect of offsets sEpulated under Direct Purchase/
Exports, FDI, “Investment in Kind- TOT” or “Investment in Kind-Others”
§ Pre-approved banked offset credits can be considered for discharge of offset obligaEons subject
to a maximum of 50% of the total offset obligaEon under each procurement contract
§ Banked offset credits remain valid for a period of 7 years from the date of acceptance by DOMW
§ Banked offset credits are not transferable except between the main vendor and his Tier-1 sub-
vendors within the same procurement contract*
Mul9pliers^
§ In the discharge of offset obligaEons under Direct Purchase/ Exports, FDI, “Investment in Kind-
TOT” or “Investment in Kind-Others”- a mulEplier of 1.50 is permi@ed where Micro, Small and
Medium Enterprises (MSME) are IOPs
§ In the discharge of offset obligaEons under technology acquisiEon by DRDO, a mulEplier up to 3 is
permi@ed
Date of
Discharge and
Valua9on of
Offsets
§ the date of discharge of offset obligaEons under Direct Purchase/ Exports is reckoned as the date
of invoice or the date of final payment whichever is later. In case of equity investment under any
of the other five methods), the date of compleEon of the transacEon, based on documentary
evidence, is reckoned as the date of discharge of offset obligaEon.
§ The value of the offset components for which offset credits are sought have to be supported by
documentary evidence. Only transacEons undertaken ager signing of the offset contract are
reckoned for discharging offset obligaEons (excluding Offset Banking)
*The main vendor is required to submit a list of such Tier-1 sub-
vendors along with the technical and commercial offset proposals
^ Details of mulEpliers provided in Annexure II
18. 18
Recent Amendments in Defense Offset Policy (1/2)
Key Issue Recent Amendment in Offset Policy
Unrealis9c offset offers and inflexibility
for suppliers
§ Time lag between submission of offset offers,
finalizaEon and implementaEon of the offset
contracts
§ Suppliers face difficulEes in providing upfront
specific descripEon of products, work share,
yearly discharge schedule and supporEng
documents to establish eligibility of IOPs
§ Pre-Contract Stage: Vendors now have the opEon, to submit
detailed offset proposals at a later stage. The vendor can
finalize its IOPs and offset product details either at the Eme of
seeking offset credits or 1 year prior to the intended offset
discharge through the IOP
§ Post-Contract Stage: Enabling provisions have also been
provided at the post-contract stage for change in IOP/ offset
component and re-phasing within the performance period, and
a provision has been introduced allowing addressing of
supplier's requests to change the IOP or their offset
component as per requirement during the period of the
contract
Exchange rate varia9on during course of
offset discharge
§ Exchange Rate VariaEon (ERV) has been made applicable for
Rupee contracts with Indian vendors based on RFPs issued
under all categories of capital acquisiEons where there is an
import content.
§ However, ERV clause will not be applicable to contracts where
the delivery period is less than 1 year and the rate of exchange
is within the band of +/- 2.5%
1
2
21. 21
Current Status of the Offset Program
Source: Ministry of Defence
Number of
Contracts
Offset Value
(USD mn)
% of
Total
Air Force 16 3,904 79%
Navy 6 886 18%
Army 3 180 4%
TOTAL 25 4,970 100%
Offset Contracts signed by MoD 9ll October 2014 § First offset contract was signed in 2007
§ As per Ministry of Defense, it has overall signed 29
offset contracts worth USD 6.13 bn Ell May 06, 2016
which have to be discharged Ell 2022
§ Offset obligaEons to be discharged in respect of
defence contracts signed was USD ~2.23 bn by 31st
December 2015
§ Vendors have reported discharge claims worth
USD~ 1.78 bn* through their quarterly reports
46%
16%
34%
4%
Offset Breakup- By Geography (Till
October 2014)
USA
Russia
Europe
Israel
*Subject to audit
40%
33%
27%
Offset Breakup- By Sector (Till October
2014)
Defense PSUs
Large Industries
SMEs
22. 22
Es9mated Defense Offset Opportunity (FY17- FY22)
Par9culars FY17- FY22 Remarks
Indian Defence Spend (USD bn) 412 Defense budget to become 2.25% of India’s GDP
Capex Spend as % of Defence Spend 49% Capex to Opex mix expected to improve in next 5
years from the current level
EsEmated Capex Spend (USD bn) 201
EsEmated New Armament Spend (USD bn) 171 New Armament Spend esEmated at 85% of overall
capex spend
Imports as % of New Armament Spend 55% Import part of capex spend is expected to reduce
over next 5 years with India’s focus on
indigenizaEon “Make in India”
Imported Equipment Spend (USD bn) 94^
Offset as % of Imports 30%
Addressable Offset Opportunity (USD bn) 28
Average Offset Opportunity per year (USD bn)* 5.6
Source: FICCI
Exchange Rate: USD 1= INR 67
* Timing uncertain for these offsets
^ As per DPP 2016, only acquisi@on contracts >INR 2000 crore (USD ~300 mn) eligible for offsets
Based on simplis9c assump9ons, it is es9mated that USD ~6 bn in addi9onal offset opportuni9es will be generated
for Indian players during the period FY17-FY22; however a more realis9c expecta9on based on current experience
makes us believe that the Es9mated Capex Spend will not cross USD 100 bn over the next 5 years
24. 24
There has been growth in A&D Exports since 2007……
Source: Interna@onal Trade Centre
*ITC (HS) Codes are broad-based and inclusive of few non-defence items also
Does not include services, inland and coastal security
83 96 80 61 200 69 379
1,614 1,313
1,998
2,664
2,039
4,805 4,448
-
1,000
2,000
3,000
4,000
5,000
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
India Exports of A&D Equipment (USD mn)*
Total
ITC- 93
ITC- 8906
ITC- 88
ITC- 8710
ITC HS Code Category Descrip9on
8710 Tanks and other armoured fighEng vehicles
88 Aircrag, spacecrag, and parts thereof
8906 Vessels, incl. warships and lifeboats
93 Arms and ammuniEon; parts and
accessories thereof
§ Items eligible for offset discharge broadly fall under 4 categories
under ITC HS classificaEon- 93, 8906, 88 and 8720
§ Growth in exports of A&D equipment from India has coincided
with the promulga9on of offset policy since 2005
§ Exports under ITC HS Code 88, which cater to ‘aircrag, spacecrag
and parts’, account for 85% share of exports in 2015
§ However, majority of exports under this category consEtutes of
civilian aircrags and related components sent abroad for MRO
25. 25
but mostly aircrar parts are being exported….
Source: Interna@onal Trade Centre
Country-wise Exports to Countries with Offset
Liabili9es under ITC HS Codes 8802 and 8803 in 2015
Country Exports under
ITC HS 8802
Exports under
ITC HS 8803
USD mn USD mn
USA 101 374
UK 6 216
France 2 130
Russia - 95
Israel - 55
Switzerland - 25
Italy - 11
Others 2,329 326
Total 2,438 1,299
§ Value of exports under the two heads, 8802 and 8803, accounted for ~84% of the total A&D exports in 2015
§ Category 8802 refers to “powered aircrags including helicopters, aeroplanes, spacecrag incl. satellites and spacecrag launch vehicles”
while 8803 refer to “parts of aircrag and spacecrag “
§ Majority of exports to the countries having offset discharge liabili9es are in the category 8803, implying mostly parts and
components are being exported to these countries by Indian suppliers
§ Substan9al rise in exports under category 8803 to countries with offset liability from 2007 onwards, further reinforces that offsets
have resulted in substan9al increase in Indian exports of aircrar parts to these countries
50 37 42 46
204
621
476
1,004
910
1,066
902 844 906
-
200
400
600
800
1,000
1,200
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
India Exports under ITC HS Code 8803 (USD mn)
USA UK France Russia Israel Switzerland Italy Total
31. 31
Opportuni9es Ahead …
§ A strong eco-system is being created for aerospace & defense in India:
§ Large business groups such as Tata’s, Aditya Birla, Reliance, L&T, etc are using their core competencies to
enter the defense industry challenging the large bureaucraEc PSUs
§ Companies such as M&M & Bharat Forge that have been in auto components are looking to move up the
value chain in aerospace & defense and this trend is find favor with mid sized auto component companies
who are using capabiliEes such as Quality (QS-ISO cerEficaEon, Product CapabiliEes (small car manufacturing
in India), availability of skilled manpower and proximity to key markets as a foundaEon for moving into the
aerospace & defense sector;
§ Emergence of clusters dedicated to aerospace & defense as shown below.
32. 32
Opportuni9es Ahead …
§ Other factors contribuEng to large anEcipated growth ahead include:
§ LiberalizaEon of the offset norms and procurement processes of PSUs driven by the Government's 'Make In
India' iniEaEve has enthused larger private sector players to enter this sector
§ Large global companies such as Thyssen Krupp seong up warehouses in India, easing the supply of criEcal
raw material
§ Skill development iniEaEves have started building human resource capacity
§ The global socio-poliEcal climate, especially with China and Pakistan; Donald Trump’s elecEon to the
Presidency of USA and his equaEon with PuEn of Russia could be a benefit to India as well as we import 70%
of our arms from Russia
§ India’s current fiscal posiEon with Public Debt to GDP raEo seen as comfortable, could spur defense
spending on capital expenditure
36. 36
Rafale Deal with France
Source: Public Sources
Rafale Deal Par9culars Value
Contract Size (INR bn) 590
Offset Clause of Rafale Deal 50%
Offset Opportunity (INR bn) 295
Offset Discharge Period (years) 7
Annual Offset Opportunity (INR bn) 42
USD~630 mn of annual offset opportunity available to Indian Defense industry from the Rafale deal over next 7
years
§ India signed Euro 7.87 billion (Rs 59,000 crore) agreement with
France for purchase of 36 Rafale fighter on September 23, 2016
§ The offset clause of Rafale deal is a 50% investment commitment
from the French industry in India
§ The offsets will be carried out by French company Dassault and
its vendors- Safran, Thales and MBDA, all part of the Rafale
project
§ As per the contract, Dassault is in charge of meeEng the offset
obligaEons and has to share details of all its partners and
planned work within one year of signing the contract
§ ~74% of the 50% offset value should be exported from India
§ Reliance Defence has already formed a JV with Dassault Systems
“Dassault Reliance Aerospace” for execuEon of offset obligaEons
Ø Dassault expected to make aerostructures, engine parts and
electronics at the Reliance facility in Nagpur
Ø Aim to make 50% of Rafale parts in India
§ Besides the investment commitment, there is a 6% technology
sharing component as well
Ø France likely to help India revive the unsuccessful Kaveri
engine project for indigenous Tejas aircrag, and
Ø Transfer advanced technology to DRDO
41. 41
Annexure II: Mul9pliers
Source: DPP- 2013
Defini9on of Micro, Small and Medium Enterprises
§ In the case of enterprises engaged in manufacture of goods:
Ø A micro enterprise is that where investment in plant and machinery does not exceed INR 2.5 million;
Ø A small enterprise is that where investment in plant and machinery is more than INR 2.5 million but does not
exceed INR 50 million; and
Ø A medium enterprise is that where investment in plant and machinery is more than INR 50 million but does
not exceed INR 100 million
§ In the case of enterprises engaged in providing services:
Ø A micro enterprise is that where investment in equipment does not exceed INR 1 million;
Ø A small enterprise is that where investment in equipment is more than INR 1 million but does not exceed
INR 20 million; and
Ø A medium enterprise is that where investment in equipment is more than INR 20 million but does not
exceed INR 50 million
Mul9plier for Technology Acquisi9on by DRDO
§ MulEplier of 2.0 is applicable when the technology is offered for use by Indian Armed Forces only but without any
restricEon on the numbers that can be produced
§ MulEplier of 2.5 is applicable when the technology is offered for use only in Indian Market but for both military
and civil applicaEons and without any restricEon on the numbers that can be produced
§ MulEplier of 3.0 is applicable when the technology is offered without any restricEon and with full and unfe@ered
rights, including right to export
43. 43
Abbrevia9ons
bn Billion MF Military Farms
CPC Central Pay Commission mn Million
DGQA Directorate General Quality Assurance MOD Ministry of Defence
DIPP Department Of Industrial Policy & PromoEon NCC NaEonal Cadet Corps
DOMW Defence Offsets Management Wing OEM Original Equipment Manufacturer
DPP Defence Procurement Procedure OF Ordnance Factory
DRDO Defence Research and Development OrganisaEon OROP One Rank One Pension
ECHS Ex-Servicemen Contributory Health Scheme PA ProducEon Agency
FDI Foreign Direct Investment RFP Request for Proposal
FF Fully Formed RR Rashtriya Rifles
GDP Gross DomesEc Product SIPRI Stockholm InternaEonal Peace Research InsEtute
IC Indigenous Content TOT Transfer of Technology
IDDM Indigenously Designed Developed and Manufactured UK The United Kingdom
INR Indian Rupee USA United States of America
IOP Indian Offset Partner USD United States Dollar