Ordnance Factory Board aims to create self-suffiency in defence production

We are creating added capacities in the production of T-90 tanks and Pinaka rockets at the various ordnance factories, S K Chowrasia, member, OFB, said.

Ordnance Factory Board aims to create self-suffiency in defence production
KOLKATA: Ordnance Factory Board (OFB) has drawn up plans to make India self-sufficient in production of arms and ammunition with the twin objectives of reducing imports and meeting nation's requirements.

"We are creating added capacities in the production of T-90 tanks and Pinaka rockets at the various ordnance factories", S K Chowrasia, member, OFB, said.

Chowrasia, who is slated to assume the office of chairman of the board from December one, told PTI that work was also on to create additional anti-tank ammunition capacity under Project Mango in technical collaboration with Russia.

The OFB had also started production of Bimodular Charge Systems (propellants) at its factory at Nalanda for high-calibre artillery guns, Dhanush and Bofors, with the objective to meet the country's demand, he said.

The country was facing a shortage in the availability of such propellants, he said.

Regarding exports, he said that the board had received an order from the UAE worth Rs 235 crore for the supply of 155 mm shells.
ADVERTISEMENT

OFB had been exporting to the countries of South Asia, Indonesia, Germany and US and the approximate export turnover was Rs 50 crore.

"While we do export to some extent, the primary objective is to meet the nation's demand", he said on the occasion of Ordance Factory Day.

This fiscal, the board was expected to register an approximate revenue of Rs 15,000 crore as against Rs 13,500 crore in the previous period.

The projected turnover next fiscal had been pegged at Rs 20,000 crore.
ADVERTISEMENT

OFB had also undertaken designing of Future Infantry Combat Vehicle for the Indian Army in collaboration with the IITs.
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › Defence › Ordnance Factory Board aims to create self-suffiency in defence production
Text Size:AAA
Success
This article has been saved

*

+