Defence Minister Rajnath Singh held a review meeting with CMDs of eight Defence Public Sector Undertakings (DPSUs) in New Delhi . The minister commended the role of the entire defence industry, including DPSUs, in developing platforms and technologies that demonstrated the preparedness of the Indian Armed Forces during Operation Sindoor. He emphasised that the Government, led by Prime Minister Narendra Modi, remains committed to strengthening the defence industrial base and enhancing the competitiveness of the DPSUs.
In view of the prevailing geopolitical scenario and the recent developments, Rajnath Singh directed the DPSUs to enhance their production on latest technologies with more focus on research and development in the emerging fields of modern warfare.
During the meeting, Secretary (Defence Production) Sanjeev Kumar presented the growth statistics of the DPSUs highlighting their steadfast performance. The value of production is poised to be more than Rs 1,40,000 crore for Financial Year 2024-25, out of which around 78% would be contributed by DPSUs.
Defence Minister appreciated the increase in the value of production by DPSUs, however, exhorted them to focus on timely delivery of products to the Armed Forces as well as their other customers. He emphasised the role of DPSUs in increasing exports and directed them to increase their focus on better marketing of their products. He congratulated Hindustan Aeronautics Limited (HAL) on getting the Maharatna status and Mazagon Dock Shipbuilders Limited (MDL) on getting the Navratna Status.
CMDs of eight DPSUs – HAL, MDL, Bharat Electronics Limited, Bharat Dynamics Limited, Mishra Dhatu Nigam Limited (MIDHANI), Garden Reach Shipbuilders and Engineers Limited (GRSE), Goa Shipyard Limited (GSL) & BEML Limited – presented the cheques for interim dividend on equity shares held by the Government for Rs 2,138 crore for the Financial Year 2024-25.
