Monday 29 January 2018

Defence Ministry to stop investing in ordnance factories, DPSUs

SOURCE: The Hindu Business Line In what could spell the death-knell for Ordnance Factory Boards (OFBs) and Defence Public Sector Undertakings (DPSUs), the Ministry of Defence has decided that it will not make any further investments in these establishments, while product introduction and creation of additional capacity will have to be undertaken by the private sector. […]

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