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PM Modi dedicates 7 new defence companies to nation on Dussehra

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New Delhi: Prime Minister Narendra Modi on Friday dedicated seven new defence companies to the nation on the occasion of Dussehra. He said the companies were part of the government’s efforts to “modernize the defence sector and create an Aatmanirbhar Bharat”.

In his address, Modi referred to the tradition of worshiping arms and ammunition on Dussehra. He added that in India, power was seen as a medium of creation. He remarked that with the same spirit, the nation is moving towards strength.

Paying tribute to late former President Dr APJ Abdul Kalam on his 90th birth anniversary, he said that Dr Kalam dedicated his life to the cause of a strong nation and said that restructuring of ordnance factories and creation of seven defence companies would give strength to his dream of strong India.

“Creation of the seven companies will give strength to Dr Kalam’s dream of strong India,” he said.

To enhance functional autonomy, efficiency and unleash new growth potential and innovation, 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.  Accordingly, seven new Defence companies were incorporated, namely Munitions India Limited (MIL); Armoured Vehicles Nigam Limited (AVANI); Advanced Weapons and Equipment India Limited (AWE India); Troop Comforts Limited (TCL) (Troop Comfort Items); Yantra India Limited (YIL); India Optel Limited (IOL); and Gliders India Limited (GIL).

He expressed confidence that these companies would form a strong base for the military strength of the country in times to come.

Modi said that the government had given these new companies not only a better production environment but also complete functional autonomy.

These defence companies will form a strong base for the military strength of the country in the times to come, he added.

“An order book of more than Rs 65,000 crore reflects the increasing confidence of the country in these companies,” Modi said.

He shared the defence export of India has increased by 325 per cent in five years.

 

 

 

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