Ministry of Defence
Corporatisation of Ordnance Factories
Posted On:
19 SEP 2020 4:57PM by PIB Delhi
The
Cabinet Committee on Security in its meeting held on 29.07.2020, has
approved to convert Ordnance Factory Board (OFB), a subordinate office
of Ministry of Defence, into one or more than one 100% Government owned
corporate entities, registered under the Companies Act 2013.
The Corporatisation of OFB will improve its autonomy, accountability and efficiency in Ordnance Supplies.
On
the issue of corporatization of OFB, the Federations of Defence
Employees working in Ordnance Factories observed a Strike from
20/08/2019 to 25/08/2019. Strike marginally affected the normal
production activities in all 41 factories for five working days. Normal
production resumed across all factories from 26th August, 2019 onwards.
The
Department of Defence Production has been continually engaging with the
Federations and Associations of Ordnance Factories with regard to their
views on the said transformation. An Empowered Group of Ministers
(EGoM) has been constituted under the chairmanship of Minister of
Defence to oversee and guide the entire process of corporatisation of
OFB, including transition support and redeployment plan of employees
while safeguarding their wages and retirement benefits.
This
information was given by Raksha Rajya Mantri Shri Shripad Naik in a
written reply to Shri B Lingaiah Yadav in Rajya Sabha today.
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