Offsets

Q-Tech Synergy Pvt ltd acts as a local partner to the OEM’s for facilitating Defence Offsets in the Indian defence sector by providing a range of practical services. We provide a broad range of Offset Consulting and Advisory services on:

• Identification and assessment of Offset projects
• Offset Strategy & Planning Process
• Offset Proposal Preparation
• Risk assessment and risk mitigation
• Mentoring of individuals in the Offset team
• India Offset Partner (IOP) Services:
  • Providing due-diligence on proposed IOPs.
  • Establishing necessary MOUs (Memorandum of Understanding) and NDA (Non Disclosure Agreement) with foreign OEMs required for submission of Offset Proposals.
  • Obtaining any necessary Industrial Licences to be considered as a qualified IOP.
• Offset Proposal Technical and Commercial Preparation:
  • Review of Technical and Commercial Offset proposals prior to submission to Indian MoD.
  • Preparation of Offset Proposals based upon projects and IOPs identified, in accordance with the DPP in force.
  • Reporting on progress of Offset Proposal submissions within the MoD.
• Offset Banking
  • Review of Technical and Commercial Offset Banking proposals prior to submission to India MoD.
  • Preparation of Offset Banking Proposals based upon projects and IOPs identified in accordance with the DPP in force.
  • Reporting on progress of Offset Banking Proposal submissions within the MoD.
• Post Contract - Offset Program Monitoring and Offset Credit generation
  • Review of Offset Credit Claims
  • Preparation of required Offset Claim paperwork from IOP and OEM, including collection of necessary supporting documents etc.
  • Vetting of Offset Claims prior to submission to Indian MoD
  • Reporting on progress of Offset Credit claims within the MoD.
• Q-Tech also offers assistance in the Permitted Offset activities in the following domain:
  • Purchases
  • Subcontract
  • Technology Transfer
  • Foreign Direct Investment (FDI)
  • Investment in R&D (Research and Development)
  • Training
  • Licensed Production
  • Co-production
  • Credit Assistance
  • Services including Engineering, Up gradation, maintenance etc.

Partner Evaluation and selection

The services include program management, pre-contract, project development and coordination, selection and monitoring of subcontractors, Quality Assurance, source inspection, coordination of technical teams, liaison with customers, after-sales field services, engineering and administration as well as the allied services that identifies, pitches, acquires , implements and executes the project successfully.

For further queries, please contact us at qts@qtechsynergy.com

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Amendment to Offset provisions are expected shortly. The Guide on offset will be revised accordingly with more illustrations.

To purchase the Guide, please contact qts@qtechsynergy.com