Union Defence Minister Arun Jaitley on Tuesday gave away Raksha Mantri awards for excellence for the years 2014-15 and 2015-16 in recognition of exemplary performance amongst ordinance factories and the Defence Public Sector Undertakings (DPSUs) in New Delhi.
Speaking on the occasion, Jaitley said that India has conventionally depended for its defence preparedness on DPSUs, which have done an excellent job.
According to ANI, the Defence Minister further said the policies therefore, are also being liberalised to allow a fair competition between both the DPSUs and the private sector and that is why the recent policy, which the Ministry of Defence (MoD) has approved on the Strategic Partners, factors in both these contents.
Jaitley noted that no country can indefinitely win wars and battles only on the strength of trying to buy imported equipment from outside.
Under best performing division/factory/shipyard awards category Hindustan Aeronautics Limited, Hyderabad received the award for the best performing division among DPSUs, Ordnance Factory Medak, Telangana got the best performing factory of OFB award and Mazagon Dock Shipbuilders Limited, Mumbai awarded for best performing shipyard among Shipyards.
For the year 2015-16 in the Institutional awards category Hindustan Aeronautics Limited, Bengaluru received the Excellence in Performance award while Bharat Electronics Limited, Bengal got Best Performance in Exports award.
