New Delhi: Raksha Mantri Shri Rajnath Singh conducted a review of the performance of Defence Public Sector Undertakings (DPSUs) at South Block on October 29, 2024, highlighting the crucial role of DPSUs in bolstering the nation’s defense preparedness through advancements in technology and indigenous capabilities.
During the review, Rajnath Singh stressed the importance of prioritizing research and development (R&D), expanding exports, and increasing production capacity to meet the evolving needs of India’s Armed Forces. He underscored the need for timely product deliveries and maintaining high-quality standards. The minister called upon DPSUs to invest further in innovative technologies and contribute toward making India self-reliant in defense manufacturing.
The Raksha Mantri extended special congratulations to the Chairman and Managing Director of Hindustan Aeronautics Limited (HAL) for achieving Maharatna status, making HAL the first DPSU and the 14th Public Sector Undertaking (PSU) in India to earn this prestigious designation. He also motivated other DPSUs to work towards achieving Maharatna and Navratna status.
Secretary of Defence Production Sanjeev Kumar provided an overview of the current financial performance and status of DPSUs, detailing the strides made in R&D and indigenisation.
Following the review, DPSUs including HAL, Bharat Electronics Limited, BEML Limited, Bharat Dynamics Limited, Mazagon Dock Shipbuilders Limited, Garden Reach Shipbuilders & Engineers Ltd, and Goa Shipyard Limited presented dividend cheques amounting to Rs. 1,620 crore to Shri Rajnath Singh.