Seven New Defense Companies Dedicated to Nation
Source : PIB
Governance

What is discussed under Seven New Defence Companies from OFB Dedicated to Nation ?

1. Seven New Defense Companies Dedicated to Nation
2. What is OFD?
3. What are the issues?

Seven new defence companies, carved out of Ordnance Factory Board (OFB), were dedicated to the Nation at a function organized by Ministry of Defence.

Key Facts

• Aim : To enhance functional autonomy, efficiency and unleash new growth potential & innovation, Government had decided to convert OFB from a Government Department into seven 100 per cent Government-owned corporate entities
  • As a measure to improve self-reliance in the defense preparedness of the country.

    

• The seven new Defense companies are:
  1. Munitions India Limited (MIL);
  2. Armoured Vehicles Nigam Limited (AVANI);
  3. Advanced Weapons and Equipment India Limited (AWE India);
  4. Troop Comforts Limited (TCL);
  5. Troop Comfort Items (TCI);
  6. Yantra India Limited (YIL);
  7. India Optel Limited (IOL) and Gliders India Limited (GIL);
• These companies have commenced business from October 01, 2021.

Read More About : What are the issues?

What are the cited Benefits?

• These new companies would play an important role in import substitution, in line with the vision of ‘Atmanirbhar Bharat’.
• An order book of more than Rs 65,000 crore reflect the increasing confidence of the country in these companies.
• Will created Trust, Transparency and Technology driven approach in the defense sector like never before. 

Ordnance Factory Board

• Industrial setup which functions under the Department of Defense Production of the Ministry of Defense.
• Engaged in production, testing, logistics, research, development and marketing of a comprehensive product range in the area of land, sea and air systems.
• Indian Ordnance Factories, headquartered at Kolkata.
• It is a conglomerate of 41 Factories, 9 Training Institutes, 3 Regional Marketing Centres and 4 Regional Controller of Safety.
  • 41 Ordnance Factories geographically distributed all over the country at 24 different locations.
• Prime customers of Indian Ordnance Factories are the Indian Armed Forces.
• Board Constitutions
  • The Apex Board is headed by Director General Ordnance Factories (DGOF) as Chairman
  • Has 9 Members in the rank of Additional DGOF.
  • Divided into 5 operating divisions

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