New Delhi: Indian Prime Minister Narendra Modi said on Friday that for the first time since independence, several major reforms have been implemented in India’s defense sector, and it has more transparency and confidence than ever before.
After allocating seven new state-run defense companies to replace the Ordnance Factory Board, the Prime Minister said a single window system has been put in place in place of the stagnant policies of developing India as a major producer of defense equipment.
“Within India’s self-reliance drive, the country’s goal is to make India the largest military power in the world on its own and to develop India’s modern military industry,” Modi said.
He added, “In the past seven years, the country has worked to advance this design with the motto of ‘Made in India’.
In his video address at the event, Modi said that as India enters 75 years of independence, projects that have been stuck for a long time are being completed.
Today, there is more transparency, trust, and a technology-based approach to the country’s defense sector than ever before. For the first time after independence, several major reforms are taking place in our defense sector. Modi said that instead of stagnant policies, a single window system had been put in place. “After independence, there was a need to modernize munitions factories, to adopt new age technologies, but it didn’t get much attention,” he said.
The Prime Minister said that 41 provisions factories are being transformed into seven corporate entities, as a measure to improve our self-reliance and defensive readiness. He added that India is taking new decisions to build a new future.
The occasion was attended by Defense Minister Rajnath Singh and representatives of defense industry associations. The government decided to replace the 200-year-old Ordnance Factory Board into seven full entities to improve the self-reliance of the country’s defense readiness.
The seven new defense companies that have been merged are Munitions India Limited (MIL), Armored Vehicles Nigam Limited (AVANI), Advanced Weapons and Equipment India Limited (AWE India), Troop Comforts Limited (TCL), Yantra India Limited ( YIL), said Project Management Office India Optical Limited (IOL) and Gladers India Limited (GIL).