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Economy
Komal gupta

23/02/22 14:20 PM IST

Source: PIB

Corporatisation of Ordnance Factories

In News

The Government is committed to safeguarding the interests of the erstwhile Ordnance Factory Board (OFB).

Corporatisation of OFB: 

  • The main idea behind this has been efforts to improve the efficiency in the functioning of the units; improvement in the quality and making the end products competitive. 
  • Three expert committees looking into the defense reforms recommended the corporatization of OFB.
  • These include – in 2000 the TKS Nair Committee; this was followed by Vijay Kelkar Committee in 2005; and then in 2015 Vice Admiral Raman Puri Committee.

About OFB

  • The Kolkata-based OFB presides over a group of 41 factories that specialize in the production, testing, logistics, research, development and marketing of a comprehensive product range in the area of land, sea and air systems.
  • The origin of the OFB can be traced back to British times when the colonialists set up the Board of Ordnance at Kolkata’s Fort William in 1775. 

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