Arms Factories Restructuring For Profits, Employment: Def Min

New Delhi: The Centre has decided to go ahead with corporatisation of ordnance factories in order to reduce the import dependency of defence equipment, enhance combat efficiency of the Armed Forces and increase the profitability of the entities for greater employment generation. The Defence Ministry on Wednesday said the decision to convert state-administered arms factories, […]

Defence-Ministry

New Delhi: The Centre has decided to go ahead with corporatisation of ordnance factories in order to reduce the import dependency of defence equipment, enhance combat efficiency of the Armed Forces and increase the profitability of the entities for greater employment generation.

The Defence Ministry on Wednesday said the decision to convert state-administered arms factories, which function directly under the Ordnance Factory Board (OFB) headquartered in Kolkata, into public sector enterprises has been taken after considering recommendations of at least three committees formed in the past to examine their functioning.