On 16 May 2020, the government announced the decision to corporatise the Ordnance Factory Board (OFB) to improve its autonomy, accountability and efficiency. It evoked an overwhelming response from the Armed Forces, which felt the step was overdue but suboptimal. Almost everyone wanted the OFB to be privatised on a PPP model. Simultaneously, there were discordant notes from within the OFB. The feedback indicated that the management and unions were both against the corporatisation decision. Read More…
