<h1 class="ql-align-center">Ordnance Factory Board(OFB)</h1> <h2>Context:</h2> <ul><li>The 220-year-old&nbsp;Ordnance Factory Board(OFB)&nbsp;will be dissolved on October 1, and its units will be corporatised under seven PSUs.</li></ul> <h2>Ordnance Factory Board(OFB):</h2> <ul><li class="ql-align-justify">Ordnance Factory Board (OFB), consisted of the Indian Ordnance Factories.</li></ul> <ul><li class="ql-align-justify">It was an organisation, under the control of the department of defence production (DDP), Ministry of Defence (MoD), Government of India.&nbsp;</li></ul> <ul><li class="ql-align-justify">It was engaged in research, development, production, testing, marketing, and logistics of a product range in the areas of air, land, and sea systems.</li></ul> <ul><li class="ql-align-justify">OFB was the world’s largest government-operated production organisation, and the oldest organisation in India.</li></ul> <h2 class="ql-align-justify">Benefits of corporatisation:</h2> <ul><li class="ql-align-justify">Make the country self-sufficient in defence manufacturing.</li></ul> <ul><li class="ql-align-justify">Transform the ordnance factories into productive and profitable assets.</li></ul> <ul><li class="ql-align-justify">Deepened specialisation in the product range</li></ul> <ul><li class="ql-align-justify">Enhanced competitiveness</li></ul> <ul><li class="ql-align-justify">Improved quality&nbsp;</li></ul> <ul><li class="ql-align-justify">Help in overcoming various existing shortcomings&nbsp;like eliminating inefficient supply chains</li></ul> <img src="https://sunyaias-resources.s3.ap-south-1.amazonaws.com/content/62812962-4b0e-11ec-8330-9d2af53a8eac.png">