“OFB Corporatisation” Approved by Cabinet

Why in news ?

The Union Government has approved a plan for Ordnance Factory Board (OFB) Corporatisation.

About Ordnance Factory Board(OFB):

• Ordnance Factory Board (OFB) is an umbrella body of 41 Ordnance Factories.
• Origin: In 1775, British authorities accepted the establishment of the Board of Ordnance in Fort William, Kolkata. This marked the official beginning of the Army Ordnance in India.
• Nodal Ministry: It is currently a subordinate office of the Ministry of Defence (MoD).
• Mandate: It provides a major chunk of the weapon, ammunition, and supplies for Indian armed forces, paramilitary forces, and police forces.
• Headquarters: Kolkata, West Bengal