Ofb

Explained: Why Centre has restructured over 240-yr-old Ordnance Factory Board, and what it means for India's defence production

Inefficiencies in production and delays in delivery of orders are the primary reasons behind the restructuring of the Kolkata-based Ordnance Factory Board

Rajnath Singh launches online portal 'SRIJAN' to promote indigenisation in defence production

According to the Ministry of Defence, the portal will display those items that are being imported currently so that the Indian industry can design, develop and manufacture them domestically as per its capability

Rajnath Singh says defence sector to contribute towards India becoming a $10 trillion economy by 2030

The government's aim is to take the Indian economy to $10 trillion by 2030, said Defence Minister Rajnath Singh at the Society of Indian Defence Manufacturers Annual General Meeting.

OFB employees seek Prime Minister Narendra Modi's intervention against proposal to corporatise PSU

The OFB follows a cost-plus basis for pricing and its turnover was Rs 14,431 crore in 2018-19 with the main customers being the armed forces and the paramilitary forces.

Union Budget 2019: Size of budgetary allocation for defence reflects a country's ability to fund military activities

The defence outlay works out to just about 1.58 percent of the GDP for 2018-19, the lowest such figure since the 1962 war with China wherein it was 1.65 percent.