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PM Narendra Modi to inaugurate 7 defence firms carved out of OFB on October 15

PM Narendra Modi will launch the defence firms four months after Union Cabinet cleared the board’s corporatisation to boost its efficiency (PTI) NEW DELHI: Prime Minister Narendra Modi will on October 15 formally launch seven new defence companies carved out of the Ordnance Factory Board (OFB), four months after Union Cabinet cleared the board’s corporatisation to boost its efficiency and competitiveness in a long-awaited reform in the country’s defence manufacturing sector, officials familiar with the development said on Monday. The new companies will be formally launched through video conference on the occasion of Vijayadashami, also known as Dussehra. The […]

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