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.

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.

“We are creating added capacities in the production of T-90 tanks and Pinaka rockets at the various ordnance factories”, S K Chowrasia, member, OFB, said.

Chowrasia, who is slated to assume the office of chairman of the board from December one, told PTI that work was also on to create additional anti-tank ammunition capacity under Project Mango in technical collaboration with Russia.

The OFB had also started production of Bimodular Charge Systems (propellants) at its factory at Nalanda for high-calibre artillery guns, Dhanush and Bofors, with the objective to meet the country’s demand, he said.

The country was facing a shortage in the availability of such propellants, he said.

Regarding exports, he said that the board had received an order from the UAE worth Rs 235 crore for the supply of 155 mm shells.

OFB had been exporting to the countries of South Asia, Indonesia, Germany and US and the approximate export turnover was Rs 50 crore.

“While we do export to some extent, the primary objective is to meet the nation’s demand”, he said on the occasion of Ordance Factory Day.

This fiscal, the board was expected to register an approximate revenue of Rs 15,000 crore as against Rs 13,500 crore in the previous period.

Read More…

Credit By : Financialexpress.com

You may also read!

Come Up With Indigenous Solutions For Modernisation Of Defence Forces: Sitharaman To Industry

In a big encouragement for the Indian defence industry, Defence Minister Nirmala Sitharaman on Saturday (18 November) asked the

Read More...

Bangladesh Poses A Big Security Challenge Says Indian Minister

Bangladesh poses a 'big security challenge' to India on par with Pakistan and China, the junior Home Minister Hansraj

Read More...

Restrictions In Parts Of Srinagar After Militant Killed In Shootout

Authorities imposed restrictions in parts of the Jammu and Kashmir summer capital to maintain law and order, officials said

Read More...

Leave a reply:

Your email address will not be published.

Mobile Sliding Menu