Centre decides conversion of Ordnance Factory Board into 7 new govt corporate entities

Oct 15, 2021

New Delhi, Oct 15 (ANI): Prime Minister Narendra Modi and Union Defence Minister Rajnath Singh attended an event of Dedication of Seven new Defence Companies to the nation, organised by Defence Ministry on the occasion of Vijayadashami on October 15. While addressing in the event, the Defence Minister said, “Taking forward our resolve of ‘AatmaNirbhar Bharat’, Government of India has taken the historic decision to convert the Ordnance Factory Board, a subordinate office of the Ministry of Defence into seven new 100 per cent government owned corporate entities with professional management.”