India is the 4th-largest spender on defence, with budgeted spending of $38.5 billion in 2016-17. 36% of the defence budget is assigned for capital expenditures. However, India relies primarily on imports and has been the largest importer of arms in the world over the period 2010-15 with 14% share in arms imports, surpassing China and Pakistan.

India’s armed forces have a combined capital budget of $200 billion lined up over the next 4-5 years. While we continue to feel that imports will continue, it is imperative that we beef up our indigenous manufacturing capability to increase self-reliance in defence. That is the reason for offsets to be introduced by the Government. The offset opportunity is estimated to rise from $2.4 billion in 2013-14 to over $10 billion per annum in the next few years, just on the basis on current capital purchase requirements.

Despite revisions by governments over the years, offsets have had mixed impact. Exports have risen, but to parts & components for aerospace and not to products & platforms for defence. FDI has seem very limited impact.

Join the Aurum CXO Dialogues webinar to discuss the key challenges and opportunities in the Indian Defence Offset Program with a panel of some of the most eminent speakers on the subject.
Meet the Speakers:

Air Marshal
M Matheswaran

Amit Cowshish

Partner
Dua Associates
View Profile

V Sundar
Strategic Business Advisor
Aurum Equity Partners LLP
View Profile

Vikram Bihani
Partner
Aurum Equity Partners LLP
View Profile

Webinar Information:


The Indian Defence Offset Program - Challenges & Opportunities

December 21st, 2016 (Wednesday)

3 pm – 4 pm IST

Click here to Register

For questions, please contact social@aurumequity.com

About Aurum Partners LLP:

Aurum Equity Partners LLP is a leading India-focused investment banking firm engaging in Mergers & Acquisitions, Fundraising, Restructuring, and Corporate Strategic Advisory.

www.aurumequity.com
Copyright © 2016 Aurum Equity Partners LLP, All rights reserved.