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Government Planning To Corporatize Ordnance Factories

The Indian Government is planning to corporatize some of the Ordnance Factories. The plan is to initially corporatize about 10 ordnance factories and turn them into Public Sector Undertakings (PSUs) to make them more accountable and increase their capabilities. Those under consideration are the cloth making and equipment factories situated in Kanpur. These factories are into manufacturing personnel clothing, parachute material, small arms, metallurgical equipment, shells and other such equipment. As of now a note on this matter has already been circulated with this regard and the proposal is likely to get the government nod by April.

Source:http://www.indiandefensenews.in/2015/01/govt-planning-to-corporatise-ordnance.html

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