Defence Minister Rajnath Singh on Friday urged the Defence Public Sector Undertakings (DPSUs) to develop and adopt latest technologies to make India a global Defence manufacturing hub. He also said the aim is to achieve Rs 35,000 crore Defence exports target by 2025.
Rajnath made these assertions here while reviewing the working of the seven defence companies, carved out of erstwhile Ordnance Factory Board (OFB)to mark the completion of one year of their operations.
The companies had commenced operations from October 01, 2021 before they were dedicated to the nation by Prime Minister Narendra Modi on occasion of ‘Vijayadashami’ on October 15 last year. During the meeting, the defence minister was briefed by the officials of Department of Defence Production on the progress made by these new DPSUs in the last one year, defence ministry officials said here.
Addressing the officers and employees of the seven companies virtually, Rajnath said the corporatisation of OFB was a major reform in the direction of making the country ‘Aatmanirbhar’ by unleashing the true potential of these entities.
He appreciated the fact that these companies are moving smoothly on path of progress with full autonomy, efficiency and accountability.