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Source: This post is based on the following articles
- “PM launches 7 defence PSUs carved out of OFB” published in Business Standard on 16th October 2021.
- “Aim is to make India a military power on its own strength: PM” published in The Hindu on 16th October 2021.
- “Seven new defence companies, carved out of OFB” published in PIB on 15th October 2021.
What is the News?
The Prime Minister has inaugurated seven new defence public sector undertakings(DPSUs) incorporated after the dissolution of the Ordnance Factory Board (OFB).
Background
In June 2021, the Union Government had approved a plan for Ordnance Factory Board(OFB) Corporatisation.
As per the plan, OFBs will be dissolved. It will be replaced by seven new Defense Public Sector Undertakings(DPSUs). Each undertaking will have a specific manufacturing role.
The 41 factories under the OFB will be subsumed under one or the other of the seven new companies. These all will be 100% government-owned public sector undertakings(PSU).
Click Here to Read more about OFB Corporatization
What are the seven new DPSUs?
Advanced Weapons and Equipment India (AWE) Limited: AWE India is based in Kanpur, Uttar Pradesh. It is involved in the manufacturing of small arms and weapons for the armed forces and police.
Armoured Vehicles Nigam Limited (AVANI): It is the biggest among all the seven new DPSUs. It is located in Chennai, Tamil Nadu.
Gliders India Limited (GIL): This company has a registered address in Kanpur. It is involved in the manufacture of textiles.
India Optel Limited (IOL): It is headquartered in Dehradun, Uttarakhand. It is involved in the manufacturing of electrical machinery and apparatus.
Munitions India Limited (MIL): It is based in Pune, Maharashtra. It works to manufacture general-purpose machinery.
Troop Comforts Limited (TCL): The company manufactures apparel except those made of fur, It is also based in Kanpur.
Yantra India Limited (YIL): It is based out of Nagpur, Maharashtra and manufactures components such as shells of ammunition.
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