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Ordnance Factory Board aims to create self-suffiency in defence production

Ordnance Factory Board aims to create self-suffiency in defence production

Ordnance Factory Board (OFB) has drawn up plans to make India self-sufficient in production of arms and ammunition with the twin objectives of reducing imports and meeting nation’s requirements.

Govt Issued 75 Industrial Licences to 56 Firms in 2015-16 For Defence Production

The total procurement for three services (Army, Navy and Air Force) for year 2014-15 was Rs. 78753.85 Crores, out of which the procurement from indigenous sources was Rs. 49531.55 Crores. The value of production of Defence Public Sector Undertakings (DPSUs) and Ordnance Factories in the same year was Rs. 46936 Crores. Since the opening of […]

49% FDI cap in defence may go. Govt set to announce new guidelines for higher FDI in defence production

The Ministry of Defence will soon come out with a new set of guidelines and norms that will work as Standard-Operating-Procedures (SOP’s) for foreign companies seeking higher ownership beyond the existing 49% foreign direct investment (FDI) that is currently allowed in defence production.