Raksha Mantri reviews working of seven defence companies, carved out of OFB, on completion of one year of operations.

Lauds them for recording profits while working with autonomy & accountability and protecting the interests of its employees. Shri Rajnath Singh exhorts DPSUs to develop/adopt latest technologies to make India a global defence manufacturing hub. Our aim is to achieve Rs 35,000 crore defence exports target by 2025; DPSUs must contribute to achieve the goal: RM. Since their inception, these DPSUs have started exploring avenues to expand their business and had adopted an aggressive approach towards diversifying their customer base and product profile. During the last one year, the new companies have obtained domestic orders of more than Rs. 7,200 crore value. Some of the significant achievements of the new companies are enlisted below: Munitions India Limited (MIL) has obtained export orders worth more than Rs 1,500 crore for various types of ammunition in last one year. Gliders India Limited (GIL) has also obtained orders for export of Parachutes. Yantra India Limited (YIL) has made s...