The much-delayed revision to the Indian Ministry of Defence offset guidelines has been released and will take effect immediately. But it will apply only to new solicitations. A newly formed agency, the Defense Offset Management Wing (DOMW), will handle offset contract management.
For the first time, India’s defense offset policy defines objectives that include the development of competitive industries, the need to add R&D and design capabilities and the development of synergistic sectors. The policy now includes coastal security, in addition to internal security.