Rajnath Singh, the defense minister, inspects the progress of seven defense contractors spun off from OFB

A gathering was held in New Delhi on September 30 to commemorate the first anniversary of the seven defense businesses that were spun out from the former Ordnance Factory Board (OFB). As of October 1, 2021, the companies were up and running, with Prime Minister Shri Narendra Modi devoting them to...

INDIAN GOVERNMENT TO BRING IN MORE FDI IN DEFENCE MANUFACTURING

Highlights

• Finance Minister Nirmala Sitharaman said the foreign direct investment in India’s defence manufacturing will be increased to 74 percent from previous 49 percent

• The Government of India will work towards improving autonomy, efficiency and accounta...