KOLKATA (PTI): Ordnance Factory Board (OFB) is targeting to export Rs 1,000 crore worth of defence ammunition products over the next two years, its chairman P K Srivastava said Thursday.
Last year, the state-run OFB's exports stood at Rs 250 crore, he said, adding that a deal of Rs 500 crore in the current fiscal would be finalised shortly.
For the first time, OFB has conducted a conference rpt conference for defence attaches with Indian embassies abroad to keep them updated on the products which it manufactures as also their export potential.
"There was never a thrust on exports even a decade back. But now, with the change in approach, we are pursuing the global market," Srivastava, also the Director General of Ordnance Factory (DGOF), said.
He said all the 41-odd ordnance factories were embracing technological advancements with focus on research and development.
OFB targets Rs 1,000 crore exports in two years
Article Posted on : - Sep 13, 2018
Other Related News
Come up with ideas, products that become necessity of armed forces: Defence Minister
Defence Minster Rajnath Singh has exhorted the defence industry stakeholders and innovators to come up with new ideas and translate them into products, so that the Armed Forces would feel that they were incomplete without these equipment.
The Indian Air Force, in its flight trials evaluation report submitted before the Defence Ministry l..
view articleAn insight into the Medium Multi-Role Combat Aircraft competition...
view articleSky enthusiasts can now spot the International Space Station (ISS) commanded by Indian-American astr..
view article