Defence PSUs ink three major MoUs
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New Delhi: Defence Minister Rajnath Singh on Monday inaugurated the state-of-the-art DPSU Bhavan here and oversaw the signing of three major MoUs among defence public sector undertakings in a push to the spirit of collaboration and self-reliance.
The minister also felicitated four defence PSUs for being granted Miniratna status.
As part of the event, Hindustan Aeronautics Limited (HAL) and Bharat Dynamics Limited (BDL) signed MoUs with Yantra India Limited (YIL) to support its modernisation efforts and establish a 10,000-ton Forging Press facility, a crucial step towards reducing import dependence for aluminium alloys used in the defence and aerospace sectors. HAL has committed an interest-free advance of Rs435 crore to YIL, while BDL will provide a sustained workload of up to 3,000 metric tonnes over ten years.
The third MoU was signed for the creation of a Metal Bank at MIDHANI to ensure the uninterrupted availability of critical raw materials for defence projects of national importance.
The Defence Minister also unveiled a series of R&D initiatives, including the HAL R&D Manual, aimed at strengthening the R&D ecosystem through digitisation, intellectual property generation and collaboration with Indian academia. The R&D Roadmap of DPSUs integrates ongoing initiatives and future strategies, marking a shift from licensed production to indigenous design and development, a decisive step towards technological self-sufficiency in defence.
