India Business News: KOLKATA: The Centre wishes to restructure the Ordnance Factory Board (OFB) to perform on the lines of global giants like Lockheed Martin and BAE Syste.

The Indian government has established seven companies to undertake the industrial activities of the 41 defence factories operated by the state-owned Ordnance Factory Board (OFB). A notice issued ...

Need to speed up OFB corporatisation, say defence officials With several ammunition in the negative list, the Board has to urgently upgrade to meet the requirements ...

The OFB, which controls 41 ordnance factories, will be split into seven government-owned entities that will produce ammunition and explosives, vehicles, weapons and equipment, troop comfort items ...

OFB corporatisation gets Cabinet approval This is a historic decision and there should be no concern on employees’ part: Rajnath ...

OFB also suffers from an utter lack of innovation and technology development. As per a rough estimate, nearly 75% of the production by OFB units is based on imported technology, said officials.

Coronavirus outbreak: OFB gives more financial powers to its GMs Around 157 Intellectual Property Rights (IPR) applications have been filed by OFB for design/copy right/trademark capabilities ...