India's ordnance factories have achieved unprecedented export orders of ₹3,500 crore in FY25, marking the highest amount since corporatisation

What does it consist of?
In October 2021, the government restructured 41 Ordnance Factory Board units into seven Defence Public Sector Undertakings (DPSUs).

Result:
Financial recovery: from a total loss of ₹2,844 crore (2019-20) → ₹625 crore gain (2022-23 & 2024-25).
Exports jumped from ₹81 crore in 2019-20 to ₹3,500 crore by 2024-25.
MIL became the leading performer, with three DPSUs (MIL, AVNL, IOL) receiving Miniratna Category-I status.
Importance:
Bolsters self-sufficiency (Atmanirbhar Bharat) in military manufacturing.
Enhances Make in India and defense exports.
Enhances productivity, marketability, and research and development funding.
Lowers reliance on imports and promotes strategic independence.

Iran’s IRGC threatens to target 18 US companies including Google, Apple, Tesla

Bihar-cadre IAS officer Chanchal Kumar to head Intelligence Bureau

Russian oil tanker docks in Cuba after months, carrying over 7.3 lakh barrels

Iran tightens control over Strait of Hormuz after a month of war

White House says Iranian leaders were killed after ‘lying’ during negotiations with US

Nalanda temple stampede kills 8 in Bihar, lapses in crowd control under scrutiny

Trump signals early exit from Iran war, Strait of Hormuz reopening not a priority

US strike hits India-bound aircraft in Iran, Tehran calls it a ‘war crime’

Iran hit by bunker-buster strike in Isfahan as Trump shares blast video

Western disturbances trigger nationwide rain alert with hailstorms and gusty winds

Iran’s IRGC threatens to target 18 US companies including Google, Apple, Tesla

Bihar-cadre IAS officer Chanchal Kumar to head Intelligence Bureau

Russian oil tanker docks in Cuba after months, carrying over 7.3 lakh barrels

Iran tightens control over Strait of Hormuz after a month of war

White House says Iranian leaders were killed after ‘lying’ during negotiations with US

Nalanda temple stampede kills 8 in Bihar, lapses in crowd control under scrutiny

Trump signals early exit from Iran war, Strait of Hormuz reopening not a priority

US strike hits India-bound aircraft in Iran, Tehran calls it a ‘war crime’

Iran hit by bunker-buster strike in Isfahan as Trump shares blast video

Western disturbances trigger nationwide rain alert with hailstorms and gusty winds
Copyright© educationpost.in 2024 All Rights Reserved.
Designed and Developed by @Pyndertech