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Indias Defense Research and Development Organization (DRDO) which was taken off the U.S. banned entity list will stand to benefit from offsets contracts from American defense companies winning business in India.
DRDOs strength lies in the fact that its 40 laboratories are attuned for defence equipment manufacturing, something which Indian private sector organizations have so far not tooled up to do.
U.S. companies are likely to receive an increasing number of defence contracts in the coming years following the warming of defence relations between the two countries. It is estimated that Indian may buy defence equipment worth over $50 billion from the U.S. over the next 10-15 years. Given that a minimum of 30% are to be invested back in India in the form of offsets contracts, DRDO along with other Indian government and private enterprises stand to receive contracts worth an estimated $15 billion.
A source told Defenseworld.net that DRDOs diverse expertise, from land systems to air assets to naval equipment, would help position it as a prime executor of offsets contracts. In the past few years, the DRDO has been trying to commercialize its technology developed for Indias defence forces.
If it receives offsets contracts, the DRDO can improve its R & D and commercialize specific high tech defence products to the Indian industry.
http://www.defenseworld.net/go/defensenews.jsp?id=5215&h=Post%20U.S.%20ban%20lifting,%20India's%20DRDO%20guns%20for%20offsets%20contracts
DRDOs strength lies in the fact that its 40 laboratories are attuned for defence equipment manufacturing, something which Indian private sector organizations have so far not tooled up to do.
U.S. companies are likely to receive an increasing number of defence contracts in the coming years following the warming of defence relations between the two countries. It is estimated that Indian may buy defence equipment worth over $50 billion from the U.S. over the next 10-15 years. Given that a minimum of 30% are to be invested back in India in the form of offsets contracts, DRDO along with other Indian government and private enterprises stand to receive contracts worth an estimated $15 billion.
A source told Defenseworld.net that DRDOs diverse expertise, from land systems to air assets to naval equipment, would help position it as a prime executor of offsets contracts. In the past few years, the DRDO has been trying to commercialize its technology developed for Indias defence forces.
If it receives offsets contracts, the DRDO can improve its R & D and commercialize specific high tech defence products to the Indian industry.
http://www.defenseworld.net/go/defensenews.jsp?id=5215&h=Post%20U.S.%20ban%20lifting,%20India's%20DRDO%20guns%20for%20offsets%20contracts