Govt Sets up Empowered Group of Ministers to Oversee OFB’s Corporatisation; Head-Rajnath Singh

Central Government has constituted an Empowered Group of Ministers (EGoM) to oversee the process of the corporatisation of the Ordnance Factory Board (OFB). Defence Minister Rajnath Singh is the chairman of this EGoM.
The ordnance factories form an integrated base for indigenous production of defence hardware and equipment.
Corporatization is the process of transforming state assets, government agencies, or municipal organizations into corporations.

Source: news18