By N. C. Bipindra New Delhi: India today took the long-awaited decision to dismantle the British-era ordnance factories and to create seven new state-run corporate entities that will handle manufacturing of weapons for the armed forces. The ordnance factories corporatisation move has been initiated to bring in efficiency, […]
(Editor’s Note: The views are that of the author’s. For the writer’s other interests, read the credit line at the end of the article.) By Vishal Nigam In a country as diversified as India, contribution of Micro, Small and Medium Enterprises (MSMEs) to domestic production is unique and […]
(Editor’s Note: Corrections in paragraph 3 and 4, to read the economic package as Rs 2,000,000 crore or Rs 20 trillion or $266 billion, and production target Rs 30,000 crore as $4 billion respectively.) By Ayaskant Das The Ordnance Factory Board (OFB) has fallen short of its production […]
New Delhi: India’s largest workers union, Bharatiya Mazdoor Sangh (Hindi, translates to Indian Labour Union), today said it will protest Jan. 3 the proposed corporatisation and disinvestment of the defence Public Sector Undertakings (PSUs) and state-owned industries, and has called for a stop to Foreign Direct Investments (FDIs). […]
Bengaluru: India’s lone aircraft manufacturer, Hindustan Aeronautics Limited (HAL), today announced the final settlement of its nearly two-month-old workers’ trouble at all its plants across the nation over wage revision. In a statement, HAL said its management and the workforce entered into an agreement to settle the wage […]
New Delhi: India has signed a cumulative $5.67-billion defence offset from 21 contracts with foreign companies in the last three years. This would mean the Narendra Modi government clinched overseas deals worth at least $20 billion during the period, bringing benefits to the local industry India’s defence offset […]
Bengaluru: India’s Hindustan Aeronautics Limited (HAL) will face a major lock-down of operations at all its nine manufacturing locations across the country from tomorrow after the talks between the management and the labour unions broke down following their two-day talks that ended today over wage revision issues. Following […]
Bengaluru: India’s lone plane-maker, Hindustan Aeronautics Limited (HAL), is facing trouble with its labour unions, as an all-India body of employees issued a notice for an indefinite lock-down over wage revision related issues beginning Oct. 14 at all the nine manufacturing units. The All India HAL Trade Unions […]
New Delhi: India’s Ministry of Defence today said it doesn’t intend to privatise the 41 ordnance factories, but only provide it a corporate character to ensure efficiency in their functioning. At a meeting between the ministry officials’ committee and labour union leaders today, in continuation of a similar […]
New Delhi: India is trying to prevent its 164,000 employees of its 41 ordnance factories that manufacture weapons for its 1.4-million armed forces from going on a strike from August 20. The labour unions of the 41 ordnance factories had issued a notice to the Ordnance Factory Board […]
