Defence Minister Rajnath Singh has granted Miniratna Category-I status to Munitions India Limited, Armoured Vehicles Nigam Limited, and India Optel Limited. This status will provide these Defence PSUs greater financial autonomy to boost their growth and support India’s self-reliance in defence production.

Key Points:

1. Munitions India Limited specializes in ammunition and explosives, with significant sales and export growth.
2. Armoured Vehicles Nigam Limited manufactures combat vehicles and has achieved full indigenisation of key engines.
3. India Optel Limited produces opto-electronic and vision equipment for defence platforms.
4. Miniratna status allows these companies to make investment decisions up to ?500 crore without government approval.
5. This move aims to enhance operational efficiency and strengthen India’s defence manufacturing capabilities.