- Consequent to the decision of the Government to convert Ordnance Factory Board (OFB), a subordinate office of Ministry of Defence (MoD) into one or more than one 100 per cent Government owned corporate entities,
- the Government has constituted an Empowered Group of Ministers (EGoM), under the Chairmanship of Raksha Mantri,
- to oversee and guide the entire process,
- including transition support and redeployment plan of employees
- While safeguarding their wages and retirement benefits.
The Terms of Reference (ToR) of the EGoM inter alia include:
- Decision on conversion of OFB into a single Defence Public Sector Undertaking (DPSU) or as multiple DPSUs;
- Matters related to various categories of employees including protection of their salary and pension of existing employees;
- Financial support that may be provided to the entity/entities to make them economically viable and self-reliant;
- Grandfathering of orders already being executed by OFB or for which facilities created in OFB;
- Treatment for land assets of OFB.
