Defence manufacture Current Affairs, GK & News

Restructuring of OFB into 7 Defence PSUs

Government has approved its decision to dissolve Ordnance Factory Board (OFB) and replaced it by seven new Defence Public Sector Undertakings (PSUs). which will oversee 41 ordnance factories in India. These seven entities will be 100 per cent owned by government. Purpose of restructuring This decision was taken from the perspective of becoming Atmanirbhar in ..

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Norms for the manufacturing of defence items relaxed

The government has relaxed norms for the manufacturing of the defence items. As per new norms, manufacturing of items of defence aerospace and warships will now be covered by Industries (Development and Regulation) Act and will not require any licence from the Commerce and Industry Ministry. The Department of Industrial Policy and Promotion (DIPP), under the ..

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