The Prime Minister dedicated the seven defence Public Sector Undertakings (PSUs), created through the restructuring of the Ordnance Factory Board (OFB), to the nation.
Context
The Prime Minister dedicated the seven defence Public Sector Undertakings (PSUs), created through the restructuring of the Ordnance Factory Board (OFB), to the nation.
Key-points
- The Union government ordered the dissolution of the four-decade-old Ordnance Factory Board (OFB) and amalgamated 41 factories under seven new state-owned companies to manufacture defence hardware ranging from munitions to heavy weapons and vehicles.
- These new companies are headquartered in five cities.
- The seven new companies are Munitions India Limited, Armoured Vehicles Nigam Limited, Advanced Weapons and Equipment India Limited, Troop Comforts Limited, Yantra India Limited, India Optel Limited, and Gliders India Limited.
Ordnance Factory Board
- OFB was an umbrella body for the ordnance factories and related institutions and was a subordinate office of the Ministry of Defence (MoD).
- It was a conglomerate of 41 factories, 9 Training Institutes, 3 regional marketing centres and 5 regional controllers of safety.
- It was headquartered in Kolkata.
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