Marking a major milestone for Indian defence exports, Ordnance Factory Board (OFB) has won a major supply contract from the United Arab Emirates (UAE) for 50,000 artillery shells to be used with Bofors guns, Economic Times.
This is the biggest ever export order received by the OFB, which comes as a follow up to a previous order for 40,000 shells to be supplied to the UAE, which was signed in 2017. The repeat order for a larger quantity is being considered to be a testament to the quality norms and delivery schedule followed by the OFB.
The new order worth Rs 315 crore ($45.75 million) was received last month. It comes as a major shot in the arm for the Government of India which aims to push the defence exports from India to over 35,000 crore annually by 2025.
Meanwhile, it should also be noted that the Government has prepared a list of 85 nations in which it aims to promote the Indian defence industry and its offerings. Among these, the nations with maximum potential include Vietnam, Thailand, Bahrain, Bangladesh, Afghanistan, UAE and Malaysia.