- The government has decided to set up a high-level committee to recommend restructuring of the Ordnance Factory Board(OFB).
- The committee will recommend changes required at making the (a)OFB accountable and efficient (b)increase their production capacity and (c)ensure timely supply of products.
- This committee was formed as OFB with 41 factories functions under the Department of Defence Production.Due to this every decision and action needs the approval of the Cabinet.
- On the other hand,the Defence Public Sector Undertakings(DPSU) do not have such requirements and have been establishing joint ventures and partnerships for technology development and other things.
- Ordnance Factory Board (OFB) consisting of the Indian Ordnance Factories is a defense contractor owned by the Indian government.It is the world’s largest government-operated production organisation.
- OFB predates all the other organisations like the Indian Army and the Indian Railways by over a century.The first Indian ordnance factory can trace its origins back to the year 1712 when the Dutch Company established a GunPowder Factory in Ichapur,West Bengal.
2 min read