2012-03-31

MSMEs seek technology transfer from Ministry of Defence

The Ministry of Micro, Small and Medium Enterprises (MSME) has sought collaboration with the Defence Ministry to facilitate transfer of technology to small units for enabling them to manufacture defence products.

MSMEs seek technology transfer from Ministry of Defence

The Ministry of Micro, Small and Medium Enterprises (MSME) has sought collaboration with the Defence Ministry to facilitate transfer of technology to small units for enabling them to manufacture defence products.

"We have asked the Ministry of Defence for certain dispensations to be given for small and medium units. Offset (Policy) may include transfer of technology to such units. We are looking forward to a favourable consideration," Secretary in MSME Ministry R K Mathur said at an Assocham function in the capital.

The MSME Ministry has asked the Defence Ministry to help these small units in getting technology from larger companies, under Offset Policy, which would make small and medium enterprises (SMEs) more competitive.

As per the Offset policy, under Defence Procurement Procedure (DPP), the foreign vendors with contracts worth over Rs 300 crore have to re-invest a minimum amount of 30 per cent back into the Indian defence, homeland security and civilian aerospace sectors. Following this, investments of Rs 18,000 crore have already been made and another Rs 40,000 crore of obligations are in various stages of negotiations under the defence offset policy.

In November 2011, the government had approved a procurement policy under which state-run departments and PSUs will aim giving preferences to micro and small entrepreneurs (MSEs), including those belonging to SCs/STs. However, the government said that given defence sector's unique nature, defence armament imports will not be included in computing the 20 percent annual target for Ministry of Defence. Also, defence equipment like weapon systems, missiles will remain out of purview of such policy of reservation.

Further, Mathur said, the defence sector could explore the possibility of outsourcing its activities related to maintenance to small units.

Related opportunities
  • Beauty Salons
    TMPS is a pioneering concept in the Indian beauty service..
    Locations looking for expansion Haryana
    Establishment year 2013
    Franchising Launch Date 2023
    Investment size Rs. 30lakh - 50lakh
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Gurugram Haryana
  • T.I.M.E. Kids is an initiative of T.I.M.E., a national leader in..
    Locations looking for expansion Telangana
    Establishment year 2008
    Franchising Launch Date 2009
    Investment size Rs. 5lakh - 10lakh
    Space required 1800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Hyderabad Telangana
  • Others Clothing
    SHYOR, a D2C brand specializing in anti-radiation solutions, emerges from..
    Locations looking for expansion Delhi
    Establishment year 2023
    Franchising Launch Date 2024
    Investment size Rs. 2lakh - 5lakh
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Men's Clothing
    We at Tim Paris drive a blend of essential wear..
    Locations looking for expansion Gujarat
    Establishment year 2021
    Franchising Launch Date 2023
    Investment size Rs. 10lakh - 20lakh
    Space required 800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ahmedabad Gujarat
Insta-Subscribe to
The Franchising World
Magazine
tfw-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts

pincode
;
ads ads ads ads