New Delhi: The centre has constituted an Empowered Group of Ministers (EGoM), which will be headed by Defence Minister Rajnath Singh, to oversee and guide the entire process of the corporatisation of Ordnance Factory Board (OFB), an official statement said on Friday.
Headed by Defence Minister Rajnath Singh, it includes Home Minister Amit Shah, Finance Minister Nirmala Sitharaman, Minister for Law and Justice Ravi Shankar Prasad, Minister of State for Labour and Employment Santosh Kumar Gangwar and Minister of State for Personnel, Public Grievance and Pension Jitendra Singh as members.
The empowered group will guide the entire corporatisation process, including transition, support and redeployment plans vis-a-vis board employees while safeguarding their salaries/wages and retirement benefits. Matters related to various categories of employees, including pensions of existing staff, would also be looked into by the EGoM.
The group will take a decision on conversion of the OFB into a single Defence Public Sector Undertaking (DPSU) or multiple DPSUs.
Read:India, China militaries continue talks to ease border tensions