Three defence workers’ unions – affiliated to Rashtriya Swayamsevak Sangh (RSS), Congress and the Left – came together on Saturday to oppose Finance Minister Nirmala Sitharaman’s announcements of corporatisation of Ordnance Factory Board (OFB) and increased Foreign Direct Investment (FDI) in the Defence manufacturing as part of the fourth chapter of Atmanirbhar Bharat initiative.
Sitharaman’s announcement for self-reliance in defence production included corporatisation of OFB for improving autonomy, accountability and efficiency in ordnance suppliers and FDI limit in defence manufacturing under automatic route to be raised from 49 per cent to 74 per cent. Read More…
