NE NEWS SERVICE
NEW DELHI, OCT 15
For the first time since Independence, many major reforms were rolled out in India’s defence sector and it has more transparency and trust than ever before, Prime Minister Narendra Modi said on Friday.
Dedication of 7 new #defence Companies to the Nation
WATCH LIVE Nowhttps://t.co/j1eCjXndBS@PMOIndia@ANI @AjaybhattBJP4UK @DefenceMinIndia
— PRO Defence Gujarat (@DefencePRO_Guj) October 15, 2021
After dedicating seven new state-run defence firms replacing the Ordnance Factory Board, the prime minister said a single-window system has been put in place instead of stagnant policies to develop India as a major producer of defence equipment.
- Creation of seven companies will give strength to Dr Kalam’s dream of strong India, says Prime Minister Narendra Modi in his video address
- These seven new companies would form a strong base for the military strength of the country in the times to come: PM
- Defence Minister Rajnath Singh says, the new companies to be engines of growth for the economy and play important role in defence manufacturing ecosystem
“Under the self-reliant India campaign, the country’s goal is to make India the world’s biggest military power on its own and development of modern military industry in India,” Modi said.
Presenting To You The Seven New Defence Production Companies. pic.twitter.com/qtP213zKQG
— Rajnath Singh (मोदी का परिवार) (@rajnathsingh) October 15, 2021
“In the last seven years, the country has worked to carry forward this resolve with the mantra of ”Make in India”,” he added.
Prime Minister Shri @narendramodi to dedicate the 7 new Defence Companies to the nation today, Raksha Mantri Shri @rajnathsingh will perform traditional pooja during the ceremony#7NewDefCos#HistoricDefReform#AzadiKaAmritMahotsav@PMOIndia @PIB_India @DefProdnIndia pic.twitter.com/kKmWAaCex9
— Defence PRO Chennai (@Def_PRO_Chennai) October 15, 2021
In his video address at the event, Modi said that as India enters 75 years of Independence, projects are being completed that were stuck for a long time.
“Today, there is more transparency, trust, and technology driven approach in the defence sector of the country than ever before. For the first time after Independence, so many major reforms are happening in our defence sector. Instead of stagnant policies, a single-window system has been put in place,” Modi said.
After Independence, there was need to upgrade ordnance factories, adopt new-age technologies, but it didn’t get much attention, he said.
The prime minister said that 41 Ordinance factories are being converted into seven corporate entities, as a measure to improve our self-reliance and defence preparedness.
India is taking new resolutions to build a new future, he added.
Defence Minister Rajnath Singh and representatives from the defence industry associations were present on the occasion.
The government had decided to replace the over 200-year-old Ordnance Factory Board into seven fully entities to improve self-reliance in the country”s defence preparedness.
The seven new defence companies that have been incorporated are Munitions India Limited (MIL), Armoured Vehicles Nigam Limited (AVANI), Advanced Weapons and Equipment India Limited (AWE India), Troop Comforts Limited (TCL), Yantra India Limited (YIL), India Optel Limited (IOL) and Gliders India Limited (GIL), the PMO said.
