PM Modi will dedicate 7 new Defence Companies Today
This move will bring about enhanced functional autonomy, efficiency and will unleash new growth potential and innovation.
Prime Minister Shri Narendra Modi/Image: PTI
New Delhi: Prime Minister Narendra Modi today will deliver a video address at an event organized by the Defence Ministry, to dedicate the seven new Defence Companies to the Nation on the occasion of Vijayadashami.
Defence Minister, MoS Defence, and representatives from the Defence industry associations will be present on the occasion.
The Government has decided to convert Ordnance Factory Board from a Government Department into seven 100% Government-owned corporate entities, as a measure to improve self-reliance in the defence preparedness of the country. This move will bring about enhanced functional autonomy, efficiency and will unleash new growth potential and innovation.
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).
Read Also : Coal India Organises Training programme for capacity buildingNews Must Read
- SJVN CMD Geeta Kapur Inaugurates Construction Works at Sunni Dam Project in Himachal Pradesh
- PESB Selects R Veerabahu as Director (Finance) for Braithwaite & Co. Limited
- Grew Energy bags largest order of 200 MW Contract of SECI's Auction
- CPCL Reports 39% YoY Drop in Q4 Net Profit, Declares Rs 55 per Share Dividend
- SJVN Limited inaugurates India's first Multi-purpose Green Hydrogen Pilot Project
- KRDCL, RVNL JV emerges as the Lowest Bidder for Redevelopment of Thiruvananthapuram Central Railway Station
- REC Ltd. has incorporated subsidiary company BPTL
- Hon’ble Vice President of India Confers `Outstanding PSU of the Year’ Award on HAL
- BharatPe Launches India’s first All-in-One Payment Device
- NBCC registers historical Performance in FY2023-24