To make this website work, we log user data. By using Shephard's online services, you agree to our Privacy Policy, including cookie policy.

×
Open menu Search

India disbands unwieldy OFB

4th October 2021 - 01:40 GMT | by Neelam Mathews in Delhi

RSS

The Dhanush 155mm towed howitzer is one product from the Ordnance Factory Board. (Gordon Arthur)

India's public sector undertakings are inefficient and out of date. The government has moved to address this.

India’s MoD dissolved all 41 Ordnance Factories Board (OFB) entities on 1 October, transferring employees, management, control, operations and maintenance to seven new wholly-owned government companies.

The majority of the OFB’s 76,000 employees declared it a ‘black day’, but it yielded little response from the government. According to documents viewed by Shephard, the seven new companies were formed in mid-August.

The OFB currently has an order book worth around $10 billion, and these have been renegotiated as contracts with the new companies. 

As the economy limps back to pre-COVID times, the timing of the decision is perfect for India

Already have an account? Log in

Want to keep reading this article?

Read this Article

Get access to this article with a Free Basic Account

  • Original curated content, daily across air, land and naval domains
  • 1 free stories per week
  • Personalised news alerts
  • Daily and weekly newsletters
  • Free magazine subscription to all our titles
  • Downloadable equipment data handbooks
  • Distribution rights (Corporate only)
Create account

Unlimited Access

Access to all our premium news as a Premium News 365 Member. Corporate subscriptions available.

  • Original curated content, daily across air, land and naval domains
  • 14-day free trial (cancel at any time)
  • Unlimited access to all published premium news
  • 10-year news archive access
  • Downloadable equipment data handbooks
  • Distribution rights (Corporate only)
Start your free trial

Share to

Linkedin