Latest News on Corporatisation of Ordnance Factories

Govt has a proposal to convert ordnance factories into a Public Sector Unit – Minister of State for Defence Shri Shripad Naik on 18.11.2019 in Rajya Sabha

Proposal for Corporatisation of Ordnance Factories Board

Raksha Rajya Mantri Shripad Naik replied to the question in Rajya Sabha today (18th November 2019) about the corporatisation of OFB as follows;

“There is a proposal to convert Ordnance Factories under the OFB into a 100% Government owned public sector unit to provide functional and financial autonomy and managerial flexibility so as to enable the organisation to grow at a faster pace and play a greater role in defence preparedness of the country while also adequately safeguarding the interests of the workers”.

This above information was given by Raksha Rajya Mantri Shri Shripad Naik in a written reply to Shri M. Shanmugam Rajya Sabha today.

More check list news for Ordnance Employees:

• Ordnance Employees strike called off – 24.8.2019
• Defence Employees 30 Days Strike started – Joint Press Release on 20.8.2019
• Ordnance Employees to go on One Month Strike from Tomorrow – 19.8.2019
• MoD clarifies there is no proposal to privatise OFB – 16.8.2019
• One month strike from 20.08.2019 to 19.09.2019 – NJCA – 7.8.2019