IFB is a renowned term. But do you know IFB’s full form? The IFB entire’s name is Indian Fine Blanks.
The Meaning of IFB:-
The year was 1974, in Bangalore, IFB was initiated with the coalition of Heinrich Schmid AG. They agreed on the technical collaboration between them. Heinrich Schmid AG is in Switzerland. It produces fine blanked particles for home devices to engineering aspects. Even it produces particles for IFB which is on the other side correlated with Bosch-Siemens Hausgerate GmbH. Bosch is in Germany and had started to manufacture washing machines to other household electronic devices from 1989. From that year, the IFB full form ‘Indian Fine Blanks Pvt. Ltd.’ has shifted into only IFB. And from then, the company is popular under the phrase, ‘IFB’. Nowadays, numerous people are unaware of the IFB’s full form. And for them, we are giving details in this article.
The abbreviation of the long term be like-
A petition of the bid is the sign for inviting the contractors or the suppliers to join in the deal. Two works are naturally done by this bidding procedure. One is to acknowledge the overture on a chosen object is to be comprehended. And the other is to furnish the products.
Now, The Vital Question Is IFB-Indian or not?
IFB is an Indian brand. As in 1974, it was inaugurated in Bangalore. The good name was Indian Fine Blanks who’s the manufacturer of several engineering devices. Later it became assigned with Heinrich Schmid AG. The founder is a resident of Kolkata, Bijon Nag. And he first cultivated the idea from Kolkata. He had a great acquaintance with the Fine blanks and engineering devices. And he’s linked to Germany and Switzerland. So that it is certainly claimed that IFB is an Indian company.
Is IFB and BOSCH Same Brand?
Now, it is confusion among numerous common folk that if IFB and BOSCH are the same. And the confusion is created by both companies as they have huge similarities among their features. But according to the building procedure, one can say that Bosch has little better in it. As their machines generate slighter noise rather than the products of IFB.
The Contribution Of IFB In Our Recent Market
Though in the beginning, there are just a few manufacturing commodities of IFB distinguished in the market. But nowadays, it has successfully expanded its productive wings in three major sectors. They are- Engineering, Household, and Others.
- Engineering – There is a variety of products in this engineering devices sector. The fine blocked particles, machines related to the Decoiler, Straightener and Strip Loaders, etc.
- Household appliances – Whatever you want for your home, IFB can represent everything. It produces refrigerators, Air conditioners, Microwave ovens, Washing machines, dishwashers, etc.
- Others – Apart from these two mentioned categories, there are automotive equipment, travel system, and Agro products also are manufactured by IFB.