Sign In
Learn bits
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. 

More Related Current Affairs View All

20 Feb

The Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 1999

'Investors who were defrauded in the Torres Ponzi scam may receive about Rs 40 crore over the next six months.' The Mumbai Police’s Economic Offences Wing (EOW) has begun

Read More

18 Feb

Aravali safari park project

'The Haryana government’s ambitious 3,858 hectare Aravali safari park project spread across Gurugram and Nuh — which was one of the poll promises of the ruling Bharatiy

Read More

17 Feb

President’s rule function

'Recently,  four days after Manipur Chief Minister N. Biren Singh’s resignation, the Union government announced that President’s rule has been implemented in the v

Read More

India’s First Ai-Driven Magazine Generator

Generate Your Custom Current Affairs Magazine using our AI in just 3 steps