Monthly Archives: June, 2020

Megha Engineering (MEIL) will invest Rs 500 crore to set up defence manufacturing unit

Hyderabad based infrastructure giant Megha Engineering and Infrastructures Limited (MEIL) Monday announced its foray in the country’s defence sector as Prime Minister Narendra Modi’s government seeks to reduce the country’s dependence on imported weapons by involving private defence companies. MEIL invest Rs 500 crores on new defence manufacturing unit near Hyderabad.

Covid relief to defence industry: India extends delivery deadlines for domestic defence companies

In a major relief to domestic defence industry, India’s defence ministry Friday allowed them four more months time to complete the delivery of weapon systems and services as their supply chains have been affected due to Covid-19 lockdown measures, while also clarifying that any deadline extension request from foreign defence companies will be considered on case by case basis.

OFB Strike: More than 80,000 employees of India’s state owned defence giant threaten strike

OFB Strike: More than 82,000 employees of state owned Ordnance Factory Board (OFB) have threatened an indefinite strike against the Modi government’s decision to corporatize 41 units of the OFB. The three defence employee unions alleged that the present decision of Modi government to corporatize OFB was against the past agreement between them and the defence ministry.