Ordinance factory boards dissolved into 7 new PSUs.

 

The government of India dissolves 41 Ordnance factory boards(OFB) into 7 new defence PSUs.

• OFB is one of the oldest organisations in India, which is run by the GOI.
• The First OFB was set up in West Bengal in 1712.
• HQ of OFB is in Kolkata(WB).
• OFB was the 37 largest equipment manufacturer in the world,2nd in Asia.
• 7 new PSU(public sector undertaking) are- 1. Munitions India ltd. 2. Armoured vehicles Nigam lid. 3. Advance Weapons and Equipments India lid. 4. Troop comforts limited, 6. yatra India limited, 7. Gliders India limited.
• The existing employee will work under new PSUs and will get equal or better working conditions and salaries.
• 3 experts committees suggested this move in 2000,2005 and 2015.
• 4th committee led by Lt. Gen. D. B. Shekatkar recommended this move in 2021. 
• This move will tackle the quality and profit issues of OFB.  
• This move is the corporatisation of OFBs into PSUs.

Location of Indian ordnance factories in India-