The Indian Ministry of Defence (MoD) will set up a new committee to oversee the corporatisation of the state-run Ordnance Factory Board (OFB). The move was reported by local media on 22 August, two days after OFB workers started a one-month strike against government moves to restructure the enterprise.
Reports in India said the new committee will be tasked by the MoD to improve the running of the OFB and make its network of 41 defence factories across the country ‘more accountable, more efficient, and more productive’.
The committee is also expected to review moves to either convert the OFB and its factories into a single public-sector corporation or to dissect its subsidiaries into a series of standalone entities, each accountable for its own productivity.
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