How defence PSU’s will help

India to become Self-Reliant

• Prime Minister Modi in an interview said that, “The Defence PSU’s will help
develop India into a military industrial power which is self-reliant in developing
and manufacturing strategic weapons and platforms.”
• Currently there are 7 Defence Public Sector Undertakings in India. They are: -
• Munitions India Ltd
• Armoured Vehicles Nigam Ltd
• Advanced Weapons and Equipment India Ltd
• Troop Comforts Ltd
• Yantra India Ltd
• India Optel Ltd
• Gliders India Ltd.
• Modi said the 41 ordnance factories, which was once known for quality products,
had lost the competitive edge due to a lack of modernization.
• The new units will help India, one of the world’s biggest arms importers, to
reduce its dependence on foreign companies.
• India’s goal under ‘Atmanirbhar Bharat’ (self-reliant India) is to make the
country, on its own, into a big military power.
• Modi said the new companies should focus on research and innovation, and
adopt industry best practices.
• He also urged startups to become a part of the process to build India’s defence
manufacturing capabilities.
• The Centre has introduced measures to incentivize private sector manufacturing
of military hardware.
• The defence corridors in Uttar Pradesh and Tamil Nadu will offer new
opportunities to a vast network of micro, small, and medium enterprises to tap
into defence manufacturing.
• Modi government had decided to convert the OFB from a government
department to seven 100% government-owned corporate companies to improve
self-reliance in defence.
• This move will bring enhanced functional autonomy, efficiency, new growth
potential and innovation in Indian defence.
Thank You