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Arms factories restructuring for profits, employment: Defence Ministry – 3 min read

New Delhi: The Centre has decided to go ahead with corporatisation of ordnance factories in order to reduce the import dependency of defence equipment, enhance combat efficiency of the Armed Forces and increase the profitability of the entities for greater employment generation. The Defence Ministry on Wednesday said the decision to convert state-administered arms factories, which […]

Governments had no say in Rafale offset decision: Defence Ministry

New Delhi : Amid media reports of former French President Francois Hollande claiming that the Indian government suggested a particular private firm for Rafale offset contract, the Defence Ministry on Friday reiterated that neither government had any say in the “commercial decision”. “The report referring to former French president Mr. Hollande’s statement that government of […]