The Indian government has formally launched seven companies to replace the 220-year-old Ordnance Factory Board (OFB).

The Ministry of Defence (MoD) in New Delhi declared the new firms operational at an event chaired by Prime Minister Narendra Modi on 15 October.

The seven companies will be expected to enhance India's “autonomy and efficiency and unleash new growth potential and innovation”, said Modi.

The new firms “will play a major role” in supporting the MoD's import substitution efforts, he said. Another target will be defence exports, he added.

The Indian government has formally launched seven companies to replace the 220-year-old Ordnance Factory Board (OFB).

The Ministry of Defence (MoD) in New Delhi declared the new firms operational at an event chaired by Prime Minister Narendra Modi on 15 October.

The seven companies will be expected to enhance India's “autonomy and efficiency and unleash new growth potential and innovation”, said Modi.

The new firms “will play a major role” in supporting the MoD's import substitution efforts, he said. Another target will be defence exports, he added.

The Indian government has formally launched seven companies to replace the 220-year-old Ordnance Factory Board (OFB).

The Ministry of Defence (MoD) in New Delhi declared the new firms operational at an event chaired by Prime Minister Narendra Modi on 15 October.

The seven companies will be expected to enhance India's “autonomy and efficiency and unleash new growth potential and innovation”, said Modi.

The new firms “will play a major role” in supporting the MoD's import substitution efforts, he said. Another target will be defence exports, he added.

The Indian government has formally launched seven companies to replace the 220-year-old Ordnance Factory Board (OFB).

The Ministry of Defence (MoD) in New Delhi declared the new firms operational at an event chaired by Prime Minister Narendra Modi on 15 October.

The seven companies will be expected to enhance India's “autonomy and efficiency and unleash new growth potential and innovation”, said Modi.

The new firms “will play a major role” in supporting the MoD's import substitution efforts, he said. Another target will be defence exports, he added.

The Indian government has formally launched seven companies to replace the 220-year-old Ordnance Factory Board (OFB).

The Ministry of Defence (MoD) in New Delhi declared the new firms operational at an event chaired by Prime Minister Narendra Modi on 15 October.

The seven companies will be expected to enhance India's “autonomy and efficiency and unleash new growth potential and innovation”, said Modi.

The new firms “will play a major role” in supporting the MoD's import substitution efforts, he said. Another target will be defence exports, he added.

The Indian government has formally launched seven companies to replace the 220-year-old Ordnance Factory Board (OFB).

The Ministry of Defence (MoD) in New Delhi declared the new firms operational at an event chaired by Prime Minister Narendra Modi on 15 October.

The seven companies will be expected to enhance India's “autonomy and efficiency and unleash new growth potential and innovation”, said Modi.

The new firms “will play a major role” in supporting the MoD's import substitution efforts, he said. Another target will be defence exports, he added.