Wednesday, July 1, 2026
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Industry Sectors

Govt considering corporatizing OFB

Fiinews by Fiinews
August 17, 2019
in Industry Sectors, Investment, Manufacturing, Projects
Reading Time: 2 mins read
A A
0
0
SHARES
11
VIEWS
LinkedinShare on Twitter

Factories being modernized

 

Ministry of Defence

The Indian Government is considering corporatizing the Ordnance Factory Board (OFB) as a 100% owned unit and put on par with Defence Public Sector Undertakings (DPSUs).

 

“Corporatisation of OFB will put the group on par with other DPSUs,” said Defence Ministry on 16 August 2019.

“This is in the interest of OFB as it will provide operational freedom and flexibility to OFB which it presently lacks,” said the Ministry.

The Committee also pointed out that Government has been continuously trying to strengthen the functioning of OFB, including having taken several steps to modernise the factories, carry out capital upgradation, re-train and re-skill OFB employees at Government costs, enable development of products and components with indigenous technology.

“Besides, the interests of the workers will be adequately safeguarded in any decision taken on the subject,” assured the Ministry.

This assurance was given the Ministry through a high level Committee to All India Defence Employees Federation, Indian National Defence Workers Federation, Bhartiya Pratiksha Mazdoor Sangh and Confederation of Defence Recognized Association on 14 August 2019.

The Committee also pointed out that the employees’ call for 30 days’ strike was unprecedented, especially when Government has already agreed to their demand to hold discussions at the MoD level and is in process of continuously engaging with them.

The Committee also pointed out that the employees’ call for 30 days’ strike was unprecedented, especially when Government has already agreed to their demand to hold discussions at the Ministry level and is in process of continuously engaging with them.

The Committee urged the employee organisations to recognise Government’s efforts to make OFB into a competitive, productive and efficient organisation with higher turnover and enhanced profitability, which would also be in the interest of the employees.

Therefore, the Committee once again urged the employee organisations to withdraw their proposed strike, said the Ministry statement. fiinews.com

ShareTweetShare

Related Posts

IMARC Engineering
Projects

Project: IMARC focuses on Indian-Domestic markets

by Fiinews
July 1, 2026
0
15

India's manufacturing sector is witnessing unprecedented investment, says Singh IMARC Engineering, a leading Engineering, Procurement, and Construction Management (EPCM) advisory...

Lauritz Knudsen
Projects

Project: Lauritz Knudsen installs 50 GW capacity

by Fiinews
July 1, 2026
0
12

Kumar ensures solar infrastructure is dependable Lauritz Knudsen Electrical and Automation, a leading player in India’s electrical and automation sector...

Brics dr jitendra singh

Project: BRICS holds collaboration talks in Delhi

July 1, 2026
20
PFC

Invest: PFC-REC merger approved

June 30, 2026
16
Ca grameen

Invest: CA Grameen raises Rs.425cr through NCDs

June 30, 2026
15
Card91

Invest: CARD91 to be leading payment company

June 30, 2026
15
SBI YONO

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Investment: India welcomes US investment and technology collaboration

    0 shares
    Share 0 Tweet 0
  • Market: PM Modi-President Zelenskyy discussed trade and technology

    0 shares
    Share 0 Tweet 0
  • Manufacturing: Approved ‘BioE3’of Biotechnology Dept

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Tech: LTTS launches Ainfonix for AI strategy
  • Market: Bengaluru starts Netsmart’s globalization
  • Market: UPI goes live in Greece
  • Tech: Google to digitalize tourism destinations
  • Tender: Railways sanctions Interlocking Project

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.