Govt Appoints High- Level Committee to suggest road map to turn 41 OFB into Govt Companies

Manufacturers

The government will appoint a high- level committee comprising ministers to draw up a roadmap for turning government-controlled ordnance factories, which supply arms and ammunition and other equipment to the armed forces, into defence public sector units (DPSUs), government officials who did not want to be named said. “The defence ministry will approach the Union cabinet

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Indian Indigenous production touches $ 11.2 billion; set to attract global Defence biggies

Indian Defence Dialogue Staff  New data of Indian Defence market, says it has produced military equipment worth Rs 80,000 crore (some $ 11.270 billion) during the last financial year ending March 31, 2019.  Indian Defence Minister Rajnath speaking at a ‘Defence Industry Roundtable’ in the national capital said Indian defence industry’s production was Rs 80,000

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