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Home Banking & Finance

Industry told to adopt modern management techniques

Fiinews by Fiinews
August 14, 2020
in Banking & Finance, Exports, Manufacturing, Technology
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Defence Minister wants modern management techniques adopted in defence industry.

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OFB corporatization for global markets

Defence Minister Rajnath Singh has told the defence industry to drop outdated practices and adopt modern management techniques if it wants to compete globally.

“If government-owned defence industries are to compete at national and international level then the outdated practices will have to be done away with.

“We need to have modern management techniques, technology infusion and collaborative efforts to help aid the state defence industries serve the country efficiently,” he stressed.

Singh made the remarks on 13 August 2020 on the corporatization of the Ordnance Factory Board (OFB), pointing out that “With this purpose, the government has initiated steps towards corporatisation of OFB.”

“I am sure this step will not only help remove the constraints of controlled pricing, but will also infuse corporate management practices and efficient systems.

“I understand that it will be a challenge for OFB to reinvent itself but I hope they will succeed in it,” said the Minister as he launched 15 products developed by Defence PSUs and OFB – four each by OFB and BEML, two by BEL and one each by HAL, BDL, MDL, GRSE and GSL.

Addressing video conference links, the Minister expressed confidence that the drive for “ATMA NIRBHAR BHARAT” to realise the goal of self-reliance would give the necessary impetus to India’s defence production.

“The concerted efforts being put in by Department of Defence Production, to streamline the procurement procedures, production policies and indigenization initiatives would assuredly lead to the development and manufacture of indigenous defence products bringing down our dependence on imports thereby restricting the outflow of Foreign exchange, encourage the development of domestic Industry, insulate India from external pressure and ensure lifetime spares and service support to the defence equipment,” he said.

The newly launched products included the prototype of Nag Missile Carrier (NAMICA) developed by Ordnance Factory Medak in association with DRDL, Hyderabad.

NAMICA has the potential for import substitution to the tune of Rs.260 crore in the first phase, which may go up to more than Rs.3,000 crore.

The other products of Ordnance Factory Board such as the fully indigenous 14.5 mm Anti Material Rifle being manufactured with the existing facilities at Ordnance Factory Trichy, the upgraded Commander’s Thermal Imager Cum Day Sight for T90 Main Battle Tank and the prototype of 8.6×70 mm Sniper developed by Rifle Factory Ishapore for engaging long range targets, were also launched.

Singh appreciated BEML for the products launched on 14 August 2020 saying their endeavours towards indigenization and reduction in imports are impressive.

He said, “The 150 Ton payload capacity Dumpathe Truck, one of the biggest Electric Mining Dump Trucks, and Super Giant Mining Excavator of 180 Ton Capacity, both indigenously designed and manufactured with cost-benefit of over 20% than the imported equipment and with expected foreign exchange savings of Rs.1,500 crore and Rs.220 crores respectively are true ‘Atma Nirbhar’ products.”

He said, “‘GAUR’, the BEML Medium Bullet Proof Vehicle built on a high mobility chassis, with impressive features and customizable protection levels and custom-built Heliportable 100 HP Dozer, with very high indigenization levels of 85 % and 94% respectively, are remarkable products.”

The roll out of the 150th Do-228 aircraft by Hindustan Aeronautics Limited (HAL), is a milestone in the indigenous manufacture of the proven platform. The christening of the 150th aircraft as IN-259 and customising it as a dedicated platform for Indian Navy in the Maritime Reconnaissance & Intelligence Warfare role is a true reflection of the technical prowess of HAL.

Further, HAL and IISc have joined hands to establish a Skill Development Center at IISc’s Challakere campus in 3Karnataka. The goal of this Center is to create a model facility that would provide skill development programmes for various beneficiaries ranging from local community members to high-end engineering professionals in line with the “Make in India” Mission.

The Linear Variable Differential Transducer fully designed and developed by @BEL, which is critical to attaining accuracy & precision in guiding and seeking the target, and the launch of 1kW Transmitter Aerial Switching Rack which is an import substitution for HF Aerial switching Unit, for providing better long-term support to Indian Navy, are genuine indigenized products.

The Konkurs Launchers Test Equipment designed and developed by Bharat Dynamics Limited, BDL, to check the complete functionality of Konkurs Launcher replacing the earlier imported system from Russia will save foreign exchange of US $ 17.7 Million.

Garden Reach Shipbuilders and Engineers Limited, GRSE’s design and development of the Portable Pedestrian (Assault) Bridge, first of its kind made of Carbon Fibre Polymer Composite Material, to meet the requirements of the Indian Army is a genuine ‘Atma Nirbhar product’.

The indigenous development of Gearbox for the Indian Coast Guard Offshore Patrol Vessels project by GSL is a success story not only in Self-reliance but also in partnering with a private company, resulting in saving of Rs 37.50 Cr for 5 ship sets due to Indigenization.

Underwater Remote Operated Vehicle by MDL which has completed laboratory trials commences its Field Evaluation Trials at Chennai today.

The Minister unveiled these products by pressing a remote button. He congratulated the Management and Employees of DPSUs and Ordnance factories for their effort in churning out the indigenised products and applaud their commitment towards the cause of ‘Atma Nirbharta’.

Singh specially congratulated Secretary, Defence Production and his team for the initiative taken to celebrate the ‘Atma Nirbharta’ week from 7 to 14 August 2020.

“The impressive list of indigenous products and new products which have been launched today (13 Aug), gives me confidence that the DPSUs and Ordnance Factories would be the prime drivers of the ‘Atma Nirbhar Abhyan’ and contribute immeasurably to the cause of national security and self-reliance.”

He further added “Some of the products launched today will not only cater to the needs of defence sector but will also be useful for the civil society when needed.

“DPSUs and Ordnance Factories are national facilities, created and strengthened over a long period of time and have considerable technical prowess and capacity.

“They also have well-structured R&D and testing facilities and manufacturing capability which should be fully used for indigenous design, development and manufacturing,” noted Singh. #defence #management #manufacturing #makeinindia #production /fiinews.com

Tags: Ministry of Defence
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