Help Us Guide You Better
best online ias coaching in india
free-news-and-daily-quiz-for-upsc

2021-10-16

Download Pdf

banner

www.livemint.com

Relevant for: Economy | Topic: Defence related developments

Defence Minister Rajnath Singh and representatives from the Defence industry associations will be present on the occasion.

Prime Minister Narendra Modi will dedicate the seven new defence companies to the nation on the auspicious occasion of Vijayadashami today.

He will deliver a video address at an event organised by the Defence Ministry. Defence Minister Rajnath Singh and representatives from the Defence industry associations will be present on the occasion.

According to a release by the Prime Minister's Office, the Government has decided to convert Ordnance Factory Board from a Government Department into seven 100 per cent 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, it said in a statement.

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). 

Never miss a story! Stay connected and informed with Mint. Download our App Now!!

Log in to our website to save your bookmarks. It'll just take a moment.

Oops! Looks like you have exceeded the limit to bookmark the image. Remove some to bookmark this image.

Your session has expired, please login again.

You are now subscribed to our newsletters. In case you can’t find any email from our side, please check the spam folder.

END
© Zuccess App by crackIAS.com


free-news-and-daily-quiz-for-upsc