Defence Ministry English news | Defence Ministry, Latest News & Live Updates in English | English News (Latest English News) at Lokmattimes.com

New Delhi [India], October 15 Prime Minister Narendra Modi on Friday said that the seven new defence companies, launched today, would not only achieve expertise in the field of manufacturing equipment but also become a global brand.The companies would manufacture equipment including ammunition, explosives, army vehicles, advance weapon, troop comfort items, optical electronics, and parachutes."One company would produce ammunition and explosives. Another company will manufacture army vehicles, advance weapons, troop comfort items, optical electronics or parachutes," said the Prime Minister at the launch of seven defence companies at an event organized by the Defence Ministry on the DRDO Campus here."Our objective is that every company not only achieve expertise in this field and become a global brand. Competitive cost is our strength. Quality and reliability should be our identity," said Modi.The decision to revamp 41 ordinance factories and the launch of seven new companies is a part of this journey of the country.This decision was pending for the last 15-20 years."I am confident that all these seven companies will become a major base of India's military power in the coming times," said PM Modi.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).( With inputs from ANI )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Defence MinistryFOLLOW

Defence ministry, Latest News

Seoul, Oct 25 The military has identified the remains of four South Korean troops killed during the 1950-53 ... ...

Moscow, Oct 20 Russian fighter jets on Wednesday escorted two US strategic bombers over the neutral waters of ... ...

Defence Minister Rajnath Singh launched a Web-Based Project Monitoring Portal (WBPMP) for Military Engineer Services (MES) at South Block on Wednesday. ...

Two Chinese military warplanes entered Taiwan's air defence identification zone (ADIZ) on Monday, as tensions between Beijing and Taipei have skyrocketed this month. ...

New Delhi, Oct 15 India's defence exports increased by 325 per cent in the last five years, Prime ... ...

The two Army personnel who lost their lives in a counter-terrorist operation in Jammu and Kashmir's Poonch have been identified as Rifleman Vikram Singh Negi and Rifleman Yogambar Singh. ...

The two Army personnel who lost their lives in a counter-terrorist operation in Jammu and Kashmir's Poonch have been identified as Rifleman Vikram Singh Negi and Rifleman Yogambar Singh. ...

New Delhi [India], October 15 Prime Minister Narendra Modi on Friday said that the seven new defence companies, ... ...