PM Modi to devote 7 brand-new defence business to nation today
business to country today Prime Minister Narendra Modi will dedicate the 7 new defence companies to the nation on the advantageous event of Vijayadashami today. He will deliver a video address at an event arranged by the Defence Ministry. Defence Minister Rajnath Singh and agents from the Defence market associations will be present on the event.
According to a release by the Prime Minister’s Office, the Federal government has actually decided to transform Ordnance Factory Board from a Government Department into 7 100 per cent government-owned corporate entities, as a measure to enhance self-reliance in the defence preparedness of the nation.
This move will cause boosted functional autonomy, performance and will let loose new growth potential and innovation, it stated in a statement.
The seven new Defence business that have been integrated are Munitions India Limited (MIL); Armoured Automobiles Nigam Limited (AVANI); Advanced Defense and Equipment India Limited (Wonder India); Troop Comforts Minimal (TCL); Yantra India Limited (YIL); India Optel Limited (IOL); and Gliders India Limited (GIL).
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Published at Thu, 14 Oct 2021 20:15:24 -0500
