About the Seminar
SEMINAR ON OFB – INDUSTRY PARTNERSHIP 2016
The Indian manufacturing sector is poised to benefit from Make in India initiative of Government of India and Defence sector is at the core of Make in India. With a commitment to 'Make in India', several decisions taken by the Ministry of Defence has paved the way for ease of doing business, latest being the revised Defence Procurement Procedure, which is expected to be rolled out soon.
Ordnance Factories contributes a major share of defence production in India. However, the sector requires a well chalked out plan to translate Hon'ble Prime Minister's vision into reality. Whilst the larger projects may take few years to frutify, the need of the hour: is to look at low hanging fruits, including import substitution of components, sub-assemblies, sub-systems and helping Ordnance Factory (OF) Board to develop vendors for outsourcing. While import substitution would have a huge impact on local manufacturing, aggressive indigenisation will encourage more players to become a part of the supply chain in defence production. As a result, we will have a vibrant domestic-defence industrial base. The Indian Industry is keen to actively participate in defence sector and support various initiatives of OFB towards indigenisation and make in India.Read More