Prime Minister Narendra Modi on October 15, 2021 launched seven new Defence Public Sector Undertakings (DPSU), incorporated after the dissolution of the Ordnance Factory Board (OFB).
- The seven new companies are Munitions India Limited, Armoured Vehicles Nigam Limited, Advanced Weapons and Equipment India Limited, Troop Comforts Limited, Yantra India Limited, India Optel Limited, and Gliders India Limited.
- While launching the DPSU, PM Modi said, under the initiative of Atmanirbhar Bharat, the goal is to make India a military power globally on its own strength and also develop a modern indigenous defence industry.
- The over 70,000 employees of the OFB (Group A, B & C) belonging to the production units and also the identified non-production units have been transferred en masse to the new DPSUs on terms of foreign service without any deputation allowance initially for a period of two years.
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