Prime Minister Modi inaugurate to the nation 7 new defense firms
Prime Minister Narendra Modi will dedicate the seven new arms firms to the nation tomorrow (Friday) on the occasion of Vijayadashami. He will be giving a video speech at around 12:10 p.m. at an event organized by the Department of Defense. The Minister of Defense, the Ministry of Defense and representatives of defense industry associations will attend the occasion, the Prime Minister's office said.
The center recently decided to transform the Ordnance Factory Board from one government department into seven 100% state-owned companies in order to increase its autonomy in preparing the country's defense.
This development will lead to more functional autonomy, more efficiency and new opportunities for growth and innovation.
The seven newly formed defense companies are: Munitions India Limited (MIL); Nigam Limited Armored Vehicles (AVANI); Advanced Weapons and Equipment India Limited (AWE India); Troop Comforts Limited (TCL); Yantra India Limited (YIL); India Addel Limited (IOL); and Gliders India Limited (GIL).
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