Prime Minister Narendra Modi delivers video address at the dedication ceremony of seven new Defence Companies to the nation in New Delhi on October 15, 2021. (Photo/PIB)
New Delhi: Prime Minister Narendra Modi on October 15, 2021, said that India sees power as a medium of creation.
Delivering a video address in an event organized by the Defence Ministry to dedicate the seven new Defence Companies to the Nation, PM Modi said: “India has a tradition of worshiping arms and ammunition on Vijay Dashmi. In India, we see power as a medium of creation, and with the same spirit, the nation is moving towards strength.”
Paying tributes to Dr APJ Abdul Kalam on his birth anniversary, PM Modi said that Dr Kalam dedicated his life to the cause of a strong nation.
“Restructuring of Ordnance Factories and creation of 7 companies will give strength to his dream of strong India. New Defence companies are a part of the various resolutions which the nation is pursuing to build a new future for the country during this Amrit Kaal of India’s independence,” added PM Modi.
The Prime Minister said that the decision of creating these companies was stuck for a long time, and expressed the belief these 7 new companies would form a strong base for the military strength of the country in the times to come.
He recalled the various initiatives and reforms undertaken in the recent past that have created Trust, Transparency and Technology-driven approach in the defence sector like never before.
“Today private and public sector are working hand in hand in the mission of national security. Uttar Pradesh and Tamil Nadu Defence Corridors are examples of the new approach. The country is seeing the result of policy changes in recent years. Our defence export has increased by 325 per cent in last five years,” said PM Modi.
Defence Minister Raj Nath Singh and Minister of State for Defence Ajay Bhatt, among others, were present on the occasion.
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 7 100% Government owned corporate entities, as a measure to improve self-reliance in the defence preparedness of the country. Accordingly, 7 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). (Press Release)