Indicia in Media

  • Indian Naval Chief Resigns After Submarine Accident,
    26 February 2014
    India wants to play a substantial role in the changing naval dynamics of the Indian Ocean, where China has been increasingly assertive. But the recent accidents could hinder those efforts, said Deba Mohanty, a defense analyst.

    “India is a major player in the regional maritime security construct,” Mr. Mohanty said. “So these kinds of accidents, both minor and major, are a concern.”

    Read complete article at New York Times

  • Arms makers left frustrated as India awaits elections,
    7 February 2014
    "India's ambitions to be a self-reliant defence producer remains, but much soul searching needs to be done in order to make this ambition a reality," said Deba R. Mohanty, head of research firm Indicia.

    "Indian defence procurement process is such a complex administrative web that the process gets stuck in its own complexities," Mohanty told AFP.

    Read complete article at GlobalPost

  • Inde : les espoirs des industriels étrangers de l'armement suspendus aux élections,
    7 February 2014
    "Les ambitions de l'Inde de devenir un producteur de matériel de défense autonome demeurent mais une remise en question est nécessaire pour que cette ambition devienne réalité", relève Deba R Mohanty, analyste spécialisé dans la tête et patron du cabinet conseil Indicia Research.

    Les affaires de corruption, la complexité de la chaine de prise de décision et le faiblesse de la recherche ralentissent cette modernisation.

    "Le processus d'achat est une machine tellement complexe qu'elle paralyse toute avancée", dit M. Mohanty à l'AFP.

    Read complete article at Boursorama

  • India 'expanding its uranium enrichment programme',
    6 December 2013

    According to analyst Deba Mohanty, ISIS's claims are biased against India but could delay its hopes of reaching uranium supply agreements with countries like Australia.

    "If the report is proven as ISIS puts it, then it could prevent the prospective trade between India and Non-Proliferation Treaty countries. It could harm the acquisition of uranium for India's civil nuclear programme," he said.

    Read complete article at Telegraph, UK

  • Show expense proof for extra funds, FM tells defence min
    By Huma Siddiqui,
    September 25, 2013

    According to Deba Mohanty, chairman and CKO, Indicia Research & Advisory, "The finance ministry's recent decision is not surprising, neither should be alarming for defence sector. It may be noted that the finance ministry has seldom denied rightful demand made by the MoD as additional funds for defence modernization are always promised during the budget speeches. This decision to consider funding for exigencies or urgent needs should be seen in the larger context of India's current economic conditions."
    In fact, 'actuals' and 'revised' capital expenditure has even exceeded 'budget estimate' in the last few years, barring a single instance where funds were returned to the government last year.
    One should not look alarmingly toward a major cut in defence allocations in future but should rather be concerned more about how to translate available allocations into increased capabilities, pointed out Mohanty.

    Read complete article at Financial Express

  • US, India may go for joint production of military gear
    By Huma Siddiqui,
    September 23, 2013

    "Jargons such as 'transformation', 'next step in strategic partnership', 'from buyer-seller to joint development relationship' frequently used by our experts notwithstanding, the India-US defence relations have witnessed one-sided development, heavily favouring the US in the last few years. More specifically, within the larger defence relations, it is the defence industrial partnership, which has created much discomfort for both countries, “ observed Deba Mohanty, chairman & chief knowledge officer, Indicia Research & Advisory (IRA).
    “Despite all tall claims, it is a fact that all of India's military acquisitions from the US have been under FMS route, effectively ruling out any meaningful sharing of technology or knowledge to India.”
    “Even industry-to-industry partnership between the two countries have actually been held hostage to respective domestic exports and industrial laws as well as international regimes. When the impression is that we are engaged much deeply than ever with the Americans, the existing ground reality is that defence industrial relationship has still been a 'buyer-seller' one and unless rules of engagement are drastically remodeled to bring in mutual benefits, a joint-production and joint- development defence industrial model is likely to remain a dream. This suits the Americans for obvious reasons" pointed out Mohanty.

    Read complete article at Financial Express

  • India auditor says wrongdoing in Italy chopper deal, piles pressure on government
    By Anurag Kotoky
    Tuesday, August 13, 2013


    "CAG's assessments on the chopper deal will most probably be factored into the current investigation, but to conclude that either AugustaWestland will be blacklisted or the VVIP chopper tender will be cancelled seems a little premature at the moment," said Deba Mohanty, chairman of Indicia Research & Advisory, a New Delhi-based think tank.

    Read complete article at Reuters

  • La India planea comprar 50 aviones 'drones' de combate
    By El Mundo
    Martes 13 de agosto de 2013


    "La adquisición de aviones no tripulados forma parte de un amplio programa de modernización de las Fuerzas Armadas. Es un paso requerido", explicó hoy a Efe el analista militar Deba Mohanty.

    El experto, que también consideró a los fabricantes europeos e israelíes como los preferidos por Nueva Delhi, opinó que los drones armados serán empleados eventualmente "solo en escenarios de conflicto convencional".

    Mohanty descartó que se empleen en "asuntos de seguridad interna", como puede ser la lucha contra la insurgencia maoísta en la que están involucrados cuerpos policiales y paramilitares.

    Read complete article at EL UNIVERSAL

  • US eyes defence deals as Biden begins India visit today
    Indian Express, 22 July 2013

    According to Deba R Mohanty, the chairman and CEO of INDICIA Research & Advisory, "There is a perception that India is a lucrative defence market. It is true. But, this does not translate into a healthy partnership to flourish. This is because both the countries have differing sets of rules of engagement in defence trade, which are often ill-defined, restrictive, protective, superfluous checks and balances, inadequate understanding on the part of stakeholders about each others ground realities. So, when we talk of deepening relationship, we must be aware of ground realities. Both the countries need to iron out differences, a process which will naturally lead them into a deepening strategic partnership."

    Read complete article at Indian Express

  • Mixed response to FDI push in defence sector
    Financial Express, 18 July 2013

    "The MoD has amply demonstrated that it cannot be blindly influenced by decisions taken by other ministries. However, the ministry now needs to explain its position on FDI clearly to prevent any confusion,” said Deba R Mohanty, chairman and CEO, INDICIA Research & Advisory.

    Read complete article at Financial Express

  • India suspends use of 'services' in offset discharge
    Jane's Defence Weekly, 16 July 2013

    Deba Mohanty, the chief executive officer of Delhi-based defence consultancy Indicia Research & Advisory, told IHS Jane's that the MoD's decision is unlikely to be reversed any time soon.

    "It is likely that [the issue] is now being deliberated within the various ministries for commerce, home affairs and defence, and then following consultation with industry a consensus view could emerge, but this would take at least a few months, if not years," Mohanty said.

    "The halting of the use of services for offset will negatively impact the aspirations of the foreign vendors. It will also impact on Indian offset partners because they will be under pressure from their foreign counterparts to deliver certain goods to compensate for the kinds of services that have been halted," he added.

    "The foreign vendors will have difficulty in discharging offset. Some of them would have wanted to discharge offset through services that would have suited their purpose, so now they have to concentrate on discharging offset through a more direct route."

    The ban means foreign vendors will be forced to discharge offset through activities such as the purchase of Indian products; foreign direct investment and investment in a joint venture; and the transfer of technologies, tools or equipment to an Indian offset partner enabling localised production.
    Read complete article at Jane's Defence Weekly

  • Bharat Forge’s howitzers to test defence policy
    Live Mint, 8 July 2013

    “There is a lot of talk about encouraging private industry in defence,” said Deba Ranjan Mohanty, chairman of Indicia Research and Advisory, a New Delhi-based defence researcher. “When a state decides to open up its defence production, it needs to devise a strategy to see it through. Otherwise, it’ll all be empty talk.”
    “Without testing products, companies won’t be able to bid for contracts,” said Mohanty.

    Read complete article at Live Mint

  • India Said to Plan Higher FDI Cap for Telecom, Defense Firms
    Washington Post, 11 June 2013

    Companies with defense businesses, including Larsen & Toubro Ltd. and Mahindra & Mahindra Ltd., are likely to be concerned that increased participation by foreign players will lead to more competition, said Deba Ranjan Mohanty, chairman of Indicia Research & Advisory, a New Delhi-based defense research organization.
    They will seek to ensure local firms benefit from the transfer of new technology, Mohanty said.

    Read complete article at Washington Post

  • Defence Procurement Procedure-2013 (DPP): Efficiency, Indigenization to be the New Mantras
    Albright Stonebridge Group (ASG), 2 May 2013

    Says Deba R. Mohanty, Chairman and CEO of INDICIA Research & Advisory, “Recent amendments to DPP-2011 promise a lot, but only concrete results can justify promises. Most of the changes like prioritization of categories, roadmap for acquisitions – including capability development – are a logical step forward. One hopes these changes are implemented in letter and spirit. The devil actually lies in the details.”

    Read complete article at Albright Stonebridge Group (ASG)

  • India's New Rules Could Mean More Overseas Tie-ups
    Defence News International, 30 April 2013

    “Prioritization of procurement categories is a step in the right direction, yet its implementation must be taken in true spirit, else despite emphasizing on ‘make,’ India would still be dependent on outside sources,” said Deba Mohanty, CEO of New Delhi-based defense consulting firm INDICIA Research & Advisory.

    Read complete article at Defence News International

  • Defence council to take final purchase decisions
    Financial Express, 22 April 2013

    While Antony said the government will make all efforts to create a genuine level playing field for Indian manufacturing industries vis-à-vis global players, experts like Deba R Mohanty, chairman and CEO, Indicia Research & Advisory, point out, “Most of the amendments to the DPP 2011 seem to be cosmetic changes from earlier provisions. Provisions like nomination facilities for state-owned enterprises, licensing and related provisions have only been tweaked in a manner which appears to make a big impact. Such measures actually may not bring in desirable results unless fundamentals of issues like usefulness of nomination facilities, bureaucratic complexities in licensing procedures, harmonising export control items with international regimes like the Wassenaar Arrangement (a multilateral export control regime), and related subjects are examined in depth.”

    Mohanty added, “There is a need to look at the larger picture. The DPP’s mandate is limited in comparison to a much larger security production and procurement activities. While the DPP only covers procurement for the armed forces, DPSUs, OFB (Ordnance Factory Board) and DRDO (Defence Research and Development Organisation) within the defence ministry follow separate procurement procedures. If one looks at the larger national security procurement landscape, which includes internal security forces, the DPP’s mandate looks limited. Ideally, something like a national security procurement procedure should be created to address issues of production and procurement for national security purposes.”

    Read complete article at Financial Express

  • Is it the end of the road for the Gypsy?
    Mint, 2 April 2013

    Maruti Gypsy’s sales to the Indian army may dry up after it fails to meet criteria for the latest contract
    The Gypsy’s exit from the army had already been on the cards, said Deba R. Mohanty, chairman and chief knowledge officer, Indicia Research and Advisory. “I presume that Maruti may not be meeting the new requirements. Having said that, I think it will be a huge order and augurs well for the Indian companies involved in it.”

    Read complete article at Mint

  • On private participation in future inf combat vehicles programme
    Mint, 4 March 2013

    Tata Motors eyes $10 billion army project
    The government seeks to reduce its dependence on imports and in this effort, firms in private sector would play a bigger role in the years ahead, said Deba Mohanty, chairman and chief executive at Indicia Research and Advisory, a Delhi-based firm that offers research and consulting services to the defence and security sector. Moreover, the indigenously produced combat vehicles would save costs by 20-30%, Mohanty said.

    Read complete article at Mint

  • On Indian defence budget
    Press Trust of India, 3 March 2013

    New Defence Budget leaves ex-Army generals, experts unhappy
    Delhi-based defence analyst and CEO of Indicia Research and Advisory Deba R Mohanty said the trend of defence allocation in India has been disappointing. "When there is a demand for increasing share of defence budget in relation to national GDP, the trend is actually showing otherwise. As far as India is concerned this is disappointing," he said.

    Read complete article at Bussiness Standard

  • On Defence Budget 2013-14
    The Financial Express, 01 March 2013

    Defence gets Rs 203,672 crore in Budget 2013-14
    Given the larger macro-economic conditions, resources allocated for national defence seem reasonable, although not satisfactory. Armed forces are indirectly told, through the budget, to prune their figure further to be more lean and mean in order to accommodate more stealth, fire power, gadgets and mobility. This becomes evident in allocations for stagnant revenue and growing capital budgets.

    Read complete article at Financial Express

  • On Corruption in Indian Defence Business
    The Financial Express, 19 February 2013

    Time to develop India’s defence production
    Defence deals are all prone to manipulation, and banning firms only reduces our choices. India needs to use offsets to develop its local supply base

    Read complete article at Financial Express

  • On Chopper Controversy
    The Economic Times, 15 February 2013

    "When we blacklist big companies like Finmeccanica, it will have ramifications on the company's earlier commitments. The ongoing commitments and future contracts will also be negatively impacted," warned Deba Mohanty, Delhi-based defence analyst and director at Indicia research and advisory.

    For details, see, Economic Times

  • On MMRCA
    Bloomberg, 6 February 2013

    “Issues including arrangement of defense offset obligations and transfer of technology seems still to be resolved,” said Deba Ranjan Mohanty, chairman of the Indicia Research & Advisory, a New Delhi-based defense research organization. The contract could have an estimated value of between $18 billion and $20 billion, Mohanty said.
    For details, see, Bloomberg.
  • On Budget Cut
    Bloomberg, 6 February 2013

    “This is essentially being targeted to reduce the revenue expenditure such as pay and allowance, while not hurting the capital expenditures and won’t affect the acquisitions and military modernization programs,” said Deba Ranjan Mohanty, chairman of Indicia Research & Advisory, a New Delhi-based defense research firm. “This temporary reduction comes because of political compulsions keeping a view on the next general elections.”

    For details, see, Bloomberg.