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National News

Jul 26, 2021
8:40PM

No proposal of privatization of Defence Public Sector Undertaking, Ordinance Factory Board: Govt

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Union Government has said that there is no proposal of privatization of Defence Public Sector Undertaking, DPSUs and Ordinance Factory Board, OFB which are under the administrative control of Department of Defence Production. 


This was stated by Minister of State for Defence Ajay Bhatt in a written reply to a question in the Rajya Sabha. 

The Minister added that however, to enhance functional autonomy, efficiency and unleash new growth potential and innovation in Ordinance Factories, the Cabinet Committee on Security in its meeting held last month, has approved to convert the production units of OFB into seven DPSUs.
 

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