ID :
14934
Tue, 08/05/2008 - 15:25
Auther :
Shortlink :
http://m.oananews.org//node/14934
The shortlink copeid
Global defence giants submit offset proposals for MMRCA deal
New Delhi, Aug 5 (PTI) - Days after India came out with an investment-friendly weapons procurement policy, many global armament companies Monday submitted proposals to the government offering increased investments, export creation and partnership in building the Indian aerospace industry.
Six leading military jets manufacturing companies came out with proposals for comprehensive industrial participation in the Indian defence industry as part of obligations to meet their defence offsets clause in the estimated USD 10 billion Indian contract to purchase 126 Medium Multi Role Combat Aircraft (M.M.R.C.A.).
Under the country's Defence Procurement Procedure, all foreign companies bidding for major Indian defence contracts worth more than Rs 3 billion have to invest 30 to 50 percent of the order in Indian defence sector.
The companies which submitted offset investment proposals ranged from American aviation and defence giants like Lockheed Martin, Boeing, European consortium E.A.D.S., French fighter maker D'assault, Russian MiG-Mapo corporation and the Swedish company S.A.A.B.
The Lockheed Martin, which is bidding with their world seller F-16 Fighting Falcon for the Indian M.M.R.C.A. contract have proposed more investment, manufacturing, export creation and joint development of defence systems.
Its American rival Boeing, a frontline global aviation company, promises to chip in for development of Indian aerospace industry and seeks New Delhi's help in building up the company global competitiveness and growth through strategic partnerships with Indian industries.
Through a revised Defence Procurement Procedure made public only last week, India has allowed foreign multinational companies banking offsets. The clause would, however, not be applicable to the M.M.R.C.A. contract.
The new policy would come into force only on September one and hence the offset proposals for the fighter contract would be governed by the old procurement rules.
"Partnership with Lockheed Martin provides India the opportunity to develop advanced defence technologies, manufacturing capabilities and defence systems. This would help India to develop a world-class aerospace and defence technologies," said Oriville Prins, Lockheed Martin's Business Development vice president, after submitting the offset proposals to the I.A.F.
Chris Chadwick, president of the Boeing military aircraft, said to meet India's M.M.R.C.A. offset requirements,
his company had assembled a formidable industrial lineup of
U.S. and Indian companies.
Earlier this year, Boeing had reached an agreement to form a joint venture with Tata Industries, as well as signed a Memorandum of Understanding with H.A.L. and Larsen and Toubro.
E.A.D.S., another major bidder for the Indian contract, said their Eurofighter Typhoon aircraft partners had already signed more than 20 MoUs with key Indian defence companies.
"E.A.D.S.' vision for the M.M.R.C.A. programme was to solidly and pragmatically bring the capabilities, skills and technologies to the Indian industry, from Defence PSUs, private large corporations to small and medium industries and enterprises," the company's Military Air Systems CEO Bernhard Gerwert said. PTI AKD
RRD
Six leading military jets manufacturing companies came out with proposals for comprehensive industrial participation in the Indian defence industry as part of obligations to meet their defence offsets clause in the estimated USD 10 billion Indian contract to purchase 126 Medium Multi Role Combat Aircraft (M.M.R.C.A.).
Under the country's Defence Procurement Procedure, all foreign companies bidding for major Indian defence contracts worth more than Rs 3 billion have to invest 30 to 50 percent of the order in Indian defence sector.
The companies which submitted offset investment proposals ranged from American aviation and defence giants like Lockheed Martin, Boeing, European consortium E.A.D.S., French fighter maker D'assault, Russian MiG-Mapo corporation and the Swedish company S.A.A.B.
The Lockheed Martin, which is bidding with their world seller F-16 Fighting Falcon for the Indian M.M.R.C.A. contract have proposed more investment, manufacturing, export creation and joint development of defence systems.
Its American rival Boeing, a frontline global aviation company, promises to chip in for development of Indian aerospace industry and seeks New Delhi's help in building up the company global competitiveness and growth through strategic partnerships with Indian industries.
Through a revised Defence Procurement Procedure made public only last week, India has allowed foreign multinational companies banking offsets. The clause would, however, not be applicable to the M.M.R.C.A. contract.
The new policy would come into force only on September one and hence the offset proposals for the fighter contract would be governed by the old procurement rules.
"Partnership with Lockheed Martin provides India the opportunity to develop advanced defence technologies, manufacturing capabilities and defence systems. This would help India to develop a world-class aerospace and defence technologies," said Oriville Prins, Lockheed Martin's Business Development vice president, after submitting the offset proposals to the I.A.F.
Chris Chadwick, president of the Boeing military aircraft, said to meet India's M.M.R.C.A. offset requirements,
his company had assembled a formidable industrial lineup of
U.S. and Indian companies.
Earlier this year, Boeing had reached an agreement to form a joint venture with Tata Industries, as well as signed a Memorandum of Understanding with H.A.L. and Larsen and Toubro.
E.A.D.S., another major bidder for the Indian contract, said their Eurofighter Typhoon aircraft partners had already signed more than 20 MoUs with key Indian defence companies.
"E.A.D.S.' vision for the M.M.R.C.A. programme was to solidly and pragmatically bring the capabilities, skills and technologies to the Indian industry, from Defence PSUs, private large corporations to small and medium industries and enterprises," the company's Military Air Systems CEO Bernhard Gerwert said. PTI AKD
RRD
