The government is determined to implement the decision of the corporatisation of the Ordnance Factory Board (OFB), which was announced by the Finance Minister as part of Defence Reforms package earlier this year. “Corporatisation of OFB is probably going to shake it from its slumber and transform these Ordnance Factories into a state of the art facilities and which can be more flexible and can be better at deciding in its functioning,” a top source told Financial Express Online.
“The Corporatisation will make them self reliant and competitive in the production of arms and ammunition and their quality. Unfortunately, due to the poor quality and lack of accountability, there have been frequent accidents which have resulted in injuries and death of soldiers. In fact, certain countries have refused to accept any Ordnance Factory manufactured ammunition and equipment which are offered against the Defence Lines of Credit,” he mentioned.
Source: Financial Express
