Table of Contents
- 1 What will happen to OFB employees?
- 2 Is OFB corporatised?
- 3 What is corporatization of Ordnance Factory?
- 4 What is meant by corporatization?
- 5 Which state in India has the maximum number of Ordnance Factory?
- 6 Is the Ordnance Factory Board getting corporatised?
- 7 What does the restructuring mean for the Ordnance Industry?
What will happen to OFB employees?
All the employees of OFB (Groups A, B, and C), belonging to the production units and also the identified non-production units, are to be transferred en masse to the new DPSUs on terms of foreign service.
Is OFB corporatised?
The defence ministry had in September dissolved the OFB with effect from October 1 and transferred the OFB’s employees, management, and assets to these seven PSUs. In other words, the OFB has now been corporatised.
What is corporatization of Ordnance Factory?
After getting dissolved they will be under seven PSUs (Defence PSUs) and they will be corporatized. What does this mean? This means that according to a government notification the OFB, all its employees, assets and operations are going to be transferred to the seven new DPSUs that have been set up earlier this year.
How many employees does ordnance factory have?
Ordnance Factory Board
| Industry | Defence Production |
|---|---|
| Revenue | US$3 billion (₹22,389.22 crores) (2020–’21) |
| Number of employees | ~80,000 |
| Website | www.ofb.gov.in |
How many ordnance factories are in India?
41 Indian Ordnance Factories
The 41 Indian Ordnance Factories have been converted into 7 Defence Public Sector Undertakings (DPSUs).
What is meant by corporatization?
Corporatization refers to the restructuring or transformation of a state-owned asset or organization into a corporation. These organizations typically have a board of directors, management, and shareholders.
Which state in India has the maximum number of Ordnance Factory?
OFB was the world’s largest government-operated production organisation, and the oldest organisation in India. It had a total workforce of about 80,000….Ordnance factories.
| Factory | Small Arms Factory (SAF) |
|---|---|
| Location | Kanpur |
| State | Uttar Pradesh |
| Defence PSU | Advanced Weapons and Equipment India Limited |
Is the Ordnance Factory Board getting corporatised?
The issue of the corporatisation of the Ordnance Factory Board (OFB) has held centre stage for some time now. Multiple issues have led to the government taking a hard stance. Most of the OFB workforce have threatened a nationwide strike, next month.
Are Ordnance Factories a ‘hurdle for armed forces’?
Ordnance factories are now a ‘hurdle’ for armed forces. Corporatisation is the way out P oor workmanship, deteriorating quality issues and lack of professionalism have plagued the workings of the Ordnance Factories (OFs) and associated organisations like the Director General Quality Assurance (DGQA).
How can Ordnance Factories flourish post “modification and modernisation”?
The Ordnance Factories are a strategic asset that would definitely flourish post “modification and modernisation”. They should fulfil the desire for indigenisation but, at the same time, help achieve US$5 billion export target by 2025.
What does the restructuring mean for the Ordnance Industry?
The restructuring is aimed at transforming the ordnance factories into productive and profitable assets, deepen their specialisation in product range, enhance competitiveness and improve quality and cost-efficiency.