PM to dedicate seven new defence companies to nation

Prime Minister Narendra Modi (File Photo)

New Delhi: On the auspicious occasion of Vijayadashami, Prime Minister Narendra Modi will deliver a video address at an event organized by the Defence Ministry to dedicate the seven new Defence Companies to the Nation, today at around 12:10 PM.

Defence Minister, MoS Defence and representatives from the Defence industry associations will be present on the occasion.

About 7 New Defence companies

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). (Press Release)

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