Protection Minister Rajnath Singh on Monday, Could 26, held a assessment assembly with CMDs of eight Defence Public Sector Undertakings (DPSUs) at South Block, New Delhi. Within the assembly, Singh recommended the position of all the defence trade, together with DPSUs, in growing platforms and applied sciences that demonstrated the preparedness of the Indian Armed Forces throughout Operation Sindoor. He emphasised that the Authorities, led by Prime Minister Modi, stays dedicated to strengthening the defence industrial base and enhancing the competitiveness of the DPSUs.
In view of the prevailing geopolitical situation and the latest developments, Singh directed the DPSUs to boost their manufacturing on newest applied sciences with extra concentrate on analysis and growth within the rising fields of contemporary warfare, in line with the official launch.
Throughout the assembly, Secretary (Defence Manufacturing) Sanjeev Kumar offered the expansion statistics of the DPSUs highlighting their steadfast efficiency. The worth of manufacturing is poised to be greater than Rs 1,40,000 crore for Monetary Yr 2024-25, out of which round 78 per cent can be contributed by DPSUs.
Protection Minister appreciated the rise within the worth of manufacturing by DPSUs, nevertheless, exhorted them to concentrate on well timed supply of merchandise to the Armed Forces in addition to their different clients. He emphasised the position of DPSUs in growing exports and directed them to extend their concentrate on higher advertising and marketing of their merchandise.
Rajnath Singh additionally congratulated Hindustan Aeronautics Restricted (HAL) on being granted the Maharatna standing and Mazagon Dock Shipbuilders Restricted (MDL) on getting the Navratna standing.
CMDs of eight DPSUs – HAL, MDL, Bharat Electronics Restricted, Bharat Dynamics Restricted, Mishra Dhatu Nigam Restricted (MIDHANI), Backyard Attain Shipbuilders and Engineers Restricted (GRSE), Goa Shipyard Restricted (GSL) & BEML Restricted – offered the cheques for interim dividend on fairness shares held by the Authorities for Rs 2,138 crore for the Monetary Yr 2024-25.
