New Delhi: Mammoth Weapon Factory Agency (OFB) will stand dissolved with the effect of October 1, with 41 factories, assets, employees and management transferred to seven new public sector units in accordance with the cabinet decisions to rape the entity.
The Ministry of Defense’s command on Tuesday said the name seven defense PSUS will become an Indian Munition Ltd, Nigam armored vehicles and advanced Indian equipment and equipment Ltd, comfort forces Ltd., Yantra India Ltd., Gliders India Ltd.
The cabinet on June 16 has approved the separation ofb, which has an annual turnover around Rs 19,000 Crore and around 70,000 employees, to seven government entities owned by 100% government to increase their functions as a major supplier of weapons, ammunition and clothing for the armed forces, as then reported by Tii.
The Orde MOD said, “The government has decided that all ofb employees (Group A, B & C) belonging to the production unit and also the non-production units identified …
will be transferred in bulk to new DPSUS with foreign service conditions without deputation benefits (DEEMED Deputy) At first for a period of two years from the designated date (October 1).
“Each new DPSUS will frame the rules and regulations related to the conditions of absorbed employees, such as” looking for options for permanent absorption of employees who are considered as Each DPSU, within a period of two years, said orders Bad ammunition quality and defects are provided for tanks, artillery, air defense, and other weapons.
With Ofb cope OK around 90 out of a total of 163 types of ammunition used by the Army, the style has reported at least one accident per week, on average, over the past few years.
Problems that interfere with the range ofb of high product costs because overhead costs are excessive for inconsistent quality and great delay in stock.
OFB also suffered the lack of innovation and technology development.
In accordance with rough estimates, almost 75% of production by OFB units are based on imported technology, officials said.