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Dissolution of the Ordnance Factory Board (OFB)
Why in news?
Defence Ministry has issued an order to dissolve the Ordnance Factory Board (OFB) in effect from October 1, 2021.
After October 1, its assets, employees and management will be transferred to seven newly constituted Defence Public Sector Undertakings (DPSUs).
This order will abolish OFB, an establishment which was accepted by the British in 1775.
Why an order to dissolve the Ordnance Factory Board (OFB) was taken ?
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