By N. C. Bipindra New Delhi: India today took the long-awaited decision to dismantle the British-era ordnance factories and to create seven new state-run corporate entities that will handle manufacturing of weapons for the armed forces. The ordnance factories corporatisation move has been initiated to bring in efficiency, […]
(Editor’s Note: Corrections in paragraph 3 and 4, to read the economic package as Rs 2,000,000 crore or Rs 20 trillion or $266 billion, and production target Rs 30,000 crore as $4 billion respectively.) By Ayaskant Das The Ordnance Factory Board (OFB) has fallen short of its production […]
By N. C. Bipindra New Delhi: In a clear indication of its strong will and intent to push ahead with the corporatisation of the state-run ordnance factories, India’s Narendra Modi government today set up a very powerful group of ministers headed by heavyweights such as Rajnath Singh and […]
Bengaluru: India’s Hindustan Aeronautics Limited (HAL) will face a major lock-down of operations at all its nine manufacturing locations across the country from tomorrow after the talks between the management and the labour unions broke down following their two-day talks that ended today over wage revision issues. Following […]
New Delhi: India’s Ministry of Defence today said it doesn’t intend to privatise the 41 ordnance factories, but only provide it a corporate character to ensure efficiency in their functioning. At a meeting between the ministry officials’ committee and labour union leaders today, in continuation of a similar […]
New Delhi: India is trying to prevent its 164,000 employees of its 41 ordnance factories that manufacture weapons for its 1.4-million armed forces from going on a strike from August 20. The labour unions of the 41 ordnance factories had issued a notice to the Ordnance Factory Board […]
