Corporatization of ordnance factory board

Topics Covered: Effects of liberalization on the economy, changes in industrial policy and their effects on industrial growth. Corporatization of ordnance factory board: Context: The Union Cabinet has approved a plan to corporatize the Ordnance Factory Board (OFB). Ordnance Factory Board (OFB): It is an umbrella body for the ordnance factories and related institutions, and is …