New Delhi, 15 October 2021

As per news report of NDTV, While addressing the launch event of seven new defence companies he said, "Our aim is to bring India among the top countries of the world in the field of the defence sector, from design to production, and export, with the active participation of public and private sector." Mr Singh said that taking forward our resolve of 'Aatmanirbhar Bharat', the Centre has taken the historic decision to convert the Ordnance Factory Board (OFB), a subordinate office of the Ministry of Defence, into seven new 100 per cent government-owned corporate entities with professional management. "Today, seven new Defence Public Sector Undertakings (DPSU) -- MIL, AVANI, AWE, TCL, YIL, IOL, GIL -- are being dedicated to the nation in the course of the reformative change. There could hardly have been a better opportunity for such reforms to achieve its new objectives," said the defence minister.

Source - NDTV

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