Ordinance Factory Board Current Affairs, GK & News

Restructuring of OFB into 7 Defence PSUs

Government has approved its decision to dissolve Ordnance Factory Board (OFB) and replaced it by seven new Defence Public Sector Undertakings (PSUs). which will oversee 41 ordnance factories in India. These seven entities will be 100 per cent owned by government. Purpose of restructuring This decision was taken from the perspective of becoming Atmanirbhar in ..

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Corporatisation of Ordnance Factory Board

The government has recently decided to corporatize the Ordnance Factory Board (OFB). It means converting a subordinate office of Ministry of Defence (MoD) into 100 per cent Government owned corporate entities. Highlights For this purpose, Government has created an Empowered Group of Ministers (EGoM), that will be chaired by Raksha Mantri Shri Rajnath Singh. EGoM ..

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