CORPORATISATION OF ORDNANCE FACTORIES MAY LEAD TO SELECTIVE PRIVATISATION
MODI GOVERNMENT IS ACTING AGAINST THE INTERESTS OF COUNTRY’S DEFENCE INDUSTRY
2021-07-05 09:39
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The government decision to disband the Ordnance Factories Board (OFB), under the department of defence production, to convert and regroup its 41 units into seven wholly-owned corporate enterprises may or may not change the business fortune of these factories, but it will certainly reshape the more-than-three centuries old history of new-age armament manufacturing in India pioneered by a Dutch firm, Ostend Company, in 1712 with the setting up of a gun powder factory at Ichhapur, near Kolkata.