No proposal to privatise Ordnance Factory Board: Govt

NEW DELHI: Terming reports about the Ordnance Factory Board (OFB) being privatised as misguiding, the Government on Friday clarified that there was no such proposal instead it was considering to make it a Defence Public Sector Unit (DPSU) which would be 100 per cent state-owned.

The employees of OFB on Wednesday observed a token-hunger strike against the Government’s move.

“Rumours being spread that OFB is being privatised are misguiding and with the intent to mislead the workers. Corporatisation of OFB will bring OFB at par with other DPSUs of Ministry of Defence. This is in the interest of OFB as it will provide operational freedom and flexibility to OFB which it presently lacks,” the Ministry of Defence said in a statement. (AGENCIES)