7 New Defence Companies

Seven new defence public sector undertakings, carved out of the erstwhile Ordnance Factory Board (OFB), were on Friday dedicated to the nation by Prime Minister Narendra Modi as part of a major reform initiative to boost India's defence production.

PM Modi today said that 41 Ordnance factories are being converted into 7 government-run corporate entities, as a measure to improve our self-reliance and defence preparedness. He said the "goal is to make India the world's biggest military power".

Seven new defence public sector undertakings, carved out of the erstwhile Ordnance Factory Board (OFB), were on Friday dedicated to the nation by Prime Minister Narendra Modi as part of a major reform initiative to boost India's defence production.

PM Modi today said that 41 Ordnance factories are being converted into 7 government-run corporate entities, as a measure to improve our self-reliance and defence preparedness. He said the "goal is to make India the world's biggest military power".