Sandeep Verma

Publication

Designing Sound Defence Offset Policies

Policymakers need to ask themselves ‘What Really Makes Offsets Tick?’ in order to develop an objective framework based on sound principles repeatedly noticed in the offset regulations of ‘The Smarter Lot’ of countries and in the process avoid committing the seven ‘original sins’ that a poorly-designed offset policy may entail.

Exchange Rate Variation in Defence Contracts in India

This Brief analyses industry demands and reviews existing regulations in IT and defence procurement markets, culminating with suggestions on a possible way forward for reforms that can avoid adverse implications of industry demands, particularly in view of their potential conflict with important policies fostering indigenisation.

Implications of new rules in the US for India’s Defence Management

Despite “indigenisation” being an important policy objective in defence procurement it will be useful to observe the recent US regulatory developments on detection and avoidance of counterfeit components in defence procurement. The new US developments could also perhaps inform the MoD efforts for streamlining its own Defence Procurement Procedure (DPP)

Reforming Defence Contracting Procedures

It may perhaps be useful to examine some features of India’s Defence Procurement Procedure (DPP) for streamlining of the capital acquisition process for defence procurement. After all, the DPP may well be the only procurement regulation in the world that discriminates against its own domestic bidders

FDI in Defence: Lessons for Developing Countries

Most developed economies are already feeling threatened by increasing equity investments sponsored by foreign government-owned and/ or foreign government-controlled entities in the defence and high-tech industries. A coordinated government response for supervision of foreign investments will emerge on the horizon sooner than later.