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Corporatisation of Ordnance Factories

Oct 20, 2020 15:25 IST

The Government on September 11 has set up an Empowered Group of Ministers (EGoM) headed by Defence Minister Rajnath Singh for corporatisation of the Ordnance Factory Board (OFB). Other ministers in the EGoM are the Home Minister Amit Shah, Finance Minister Nirmala Sitharaman, Minister of Law & Justice Ravi Shankar Prasad, Minister of State for Labour & Employment Santosh Kumar Gangwar and Minister of State for Personal, Public Grievance & Pensions Jitendra Singh. The EGoM is to oversee and guide the entire process, including deciding on conversion of OFB into a single Defence Public Sector Undertaking (DPSU) or as multiple DPSUs, matters related to various categories of employees including transition support and redeployment plan of employees, protection of their salary and pension of existing employees and treatment for land assets of OFB.