Others in the EGoM are Home Minister Amit Shah, Finance Minister Nirmala Sitharaman, Law Minister Ravi Shankar Prasad and Labour Minister Santosh Kumar Gangwar, the statement said.
Minister of State for Personnel, Public Grievance and Pension Jitendra Singh is also part of the EGoM, the ministry noted.
"The Terms of Reference (ToR) of the EGoM include: decision on conversion of OFB into a single defence public sector undertaking (DPSU) or as multiple DPSUs; matters related to various categories of employees, including protection of the salary and pension of the existing employees; financial support that may be provided to the entity/entities to make them economically viable and self-reliant," it stated.
Other issues included in the ToR are: "Grandfathering of orders already being executed by OFB or for which facilities created in OFB; treatment for land assets of OFB."
The composition of the EGoM, along with the ToR, has been communicated to the OFB and various employee unions or associations at the "Board/Factory/Unit level" and they have been requested to place their suggestions, issues and concerns relating to the corporatisation of the OFB before the EGoM, the ministry said.
It added that it has selected KPMG Advisory Services Private Limited and Khaitan and Company as consultants to the Department of Defence for the corporatisation of the OFB.
The OFB has 41 factories under it to produce ordnance for the country's armed forces.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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