3.7 C
New York
Wednesday 1 December 2021

Buy now

Ad

HomePoliticsIndiaOrdnance Factory Board to transform into 7 state-owned business units

Ordnance Factory Board to transform into 7 state-owned business units

The Narendra Modi government has decided to give these sections of the ordnance infrastructure targets required by the country to achieve

|

Prime Minister Narendra Modi will inaugurate seven new defence companies and dedicate them to the nation on the occasion of Vijayadashami around noon on 15 October, the Prime Minister’s Office (PMO) said on 14 October. The stated that the government has decided to convert the Ordnance Factory Board (OFB) from a department into seven fully government-owned corporate entities to improve self-reliance on the country’s defence preparedness.

This corporatisation of companies will enhance autonomy and efficiency and will unleash new growth potential and innovation, it said.

There have been crucial developments in the indigenous artillery sector over the last decade. There are now four gun production hubs in five states in the country. Firms like L&T, Tata Advanced Systems and Bharat Forge have set up gun production lines within the country to compete with the erstwhile monopoly, state-owned ordnance factories.

The ’s DG (artillery), Lt General TK Chawla, had earlier said that the Army was ‘hand holding’ the domestic industry to ensure indigenous projects like the Advanced Towed Array Gun System and the OFB-produced Dhanush howitzer meet their requirements. This year, as part of its defence indigenisation drive, the Ministry of Defence banned the imports of 155 mm howitzers after December 2021. The army will have no choice but to turn to the indigenous gun industry.

The seven new companies are expected to provide a boost to the defence sector in the country.

The seven new defence companies that have been incorporated are Munitions India Limited (MIL), Armoured Vehicles Nigam Limited (AVANI), Advanced Weapons and Equipment India Limited (AWE India), Troop Comforts Limited (TCL), Yantra India Limited (YIL), India Optel Limited (IOL), and Gliders India Limited (GIL), the ’s statement read.

Defence Minister and representatives from the defence industry associations will be present at the launch of the companies.

Sirf News needs to recruit journalists in large numbers to increase the volume of its reports and articles to at least 100 a day, which will make us mainstream, which is necessary to challenge the anti-India discourse by established media houses. Besides there are monthly liabilities like the subscription fees of news agencies, the cost of a dedicated server, office maintenance, marketing expenses, etc. Donation is our only source of income. Please serve the cause of the nation by donating generously.

Support pro-India journalism by donating

via UPI to surajit.dasgupta@icici or

via PayTM to 9650444033

Covid: First signs that vaccine protects against Omicron – health minister https://www.jpost.com/health-and-wellness/coronavirus/covid-1st-data-about-vaccine-efficacy-against-omicron-expected-tuesday-687392

The UN condemns Israel, turns a blind eye to China, and is now openly considering admitting the Taliban as a member.

The UN should never receive another dime from American taxpayers.

“Had a fruitful discussion with Shri Vijai Sardesai & Shri Vinod Palyekar, MLAs of Goa Forward Party, and Independent MLA Prasad Gaonkar. They extended their full support to the Congress,” Rahul Gandhi tweeted.

https://bit.ly/3DaCN4S

Read further:

This site uses Akismet to reduce spam. Learn how your comment data is processed.

- Advertisment -

Now

Columns

[prisna-google-website-translator]
%d bloggers like this: