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OFB Corporatization

The Defence Ministry has set up a high-level committee to address the concerns raised by workers federations on safeguards to protect the interests of employees in terms of wages, health facilities and other service matters due to converting OFB into a public sector entity. The Terms of Reference (ToR) of the committee is to lay road-map for increasing the annual turnover of the proposed entity to Rs 30000 Crores and look in to concerns regarding “future orders” for the proposed new entity. It is also to assess the viability of some of the factories as public sector entities and assess the requirement of budgetary support for the salaries of OFB employees.

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