Gen Pande was to retire from service on May 31.
Lt Gen Pande will succeed General MM Naravane, whose tenure ends on April 30.
Chief of Army Staff Gen Manoj Pande has carried out a comprehensive review of India's military preparedness along the Line of Actual Control (LAC) in Arunachal Pradesh in his first visit to the border state after last month's clash between Indian and Chinese forces in the Tawang sector.
Addressing an event in New Delhi, Gen Pande also said the recent global developments have underscored that the security of the nation can neither be outsourced nor be dependent on the largesse of others.
In appointing Lt Gen Dwivedi, the government followed the seniority principle.
The Army chief expressed profound pride in the incredible achievements of the Army's sportspersons.
The Army is looking at procuring the LUHs and LCHs to replace its ageing fleets of Cheetah and Chetak helicopters.
India and China recently held a fresh round of high-level military talks to resolve the border row that witnessed both sides agreeing to maintain "peace and tranquillity" on the ground but there was no indication of any breakthrough.
Singh emphasised that the Indo-Pacific is no more a maritime construct, but a full-fledged geo-strategic issue, and that the region is facing "a complex web" of security challenges, including boundary disputes and piracy.
The situation along the Line of Actual Control (LAC) with China is stable but there is a need to keep a very close watch on it, Army Chief General Manoj Pande said on Friday amid the nearly three-year-long border row in eastern Ladakh.
At a press conference ahead of the Army Day, Gen Pande also said that the troops deployed along the Line of Actual Control (LAC) have been able to maintain a robust posture to defeat any evil design of the adversary with a firm and resolute manner.
About 416 Myanmarese soldiers crossed over to India in view of the situation arising out of the fighting between Myanmar's armed ethnic groups and the government forces, and Indian military is 'closely watching' the unfolding developments, Army Chief General Manoj Pande said on Thursday.
He also said "Chinese belligerence is evident in its continuing propensity to project power outside its region", in turn presenting a "threat to the rules-based international order".
Gen Pande, who was serving as the vice chief, became the first officer from the Corps of Engineers to helm the force.
On development of infrastructure by China in border areas, the Army chief said it is going on unabated.
As the military standoff between India and China drags on along the Line of Actual Control (LAC) in eastern Ladakh, Defence Minister Rajnath Singh said the talks between the two sides are going on well and indicated hope for a resolution of the lingering row.
This is Gen Pande's first visit to the sector after taking over as the chief of the Indian Army on April 30.
The Indian Air Force will carry out a mega exercise covering the Northeastern region early next month to check its combat readiness, amid a fresh spike in tension with China along the Line of Actual Control in Arunachal Pradesh.
Gen Pande said India will have to especially watch out for the stance of its two adversaries in the emerging geopolitical scenario, in an oblique reference to China and Pakistan.
Newly-appointed Army Chief General Manoj Pande on Sunday said his 'utmost and foremost' priority would be to ensure very high standards of operational preparedness to face current, contemporary and future security challenges across the entire spectrum of conflict.
Army Chief Gen Manoj Pande conducts a comprehensive review of the overall security situation in eastern Ladakh.
The Army said Gen Pande witnessed Parvat Prahar exercise besides interacting with officers and troops deployed in the region. The exercise featured a display of operational capabilities by artillery guns and other key weapon systems.
The MEA said the two sides shared their perspectives on the matter in the talks held in a friendly and cordial atmosphere.
The central government on Monday appointed Army Vice Chief Lieutenant General Manoj Pande as the next chief of Indian Army.
Gen Pande also said that Indian troops are adequately deployed along the Line of Actual Control to deal with any situation and that guidance has been given to them to "remain firm and resolute" in their tasks.
The ties between India and Canada came under severe strain following Canadian Prime Minister Justin Trudeau's allegations of a "potential" involvement of Indian agents in the killing of Khalistani separatist Hardeep Singh Nijjar in June.
Top commanders of the Indian Army deliberated on the Russia-Ukraine war and Israel-Hamas conflict at a five-day conclave to draw relevant lessons besides focusing on ways to make the force 'future ready' in line with with emerging contours of threats and challenges.
Giving an account of India's overall military modernisation, Lt Gen Pande also said that an in-principle approval has been given to new combat formations called the Integrated Battle Groups (IBGs) which can mobilise fast with a more effective approach.
The Army will formally kick-start the process for recruitment under the Agnipath scheme within two days by coming out with an initial notification for the enrolment, senior military officials said on Friday.
"The schedule of recruitment process will be announced shortly. We call upon our youth to avail this opportunity for joining the Indian Army as Agniveers," Gen Pande said.
The scheme is aimed at slashing the salary and pension bills of the three services, which have been increasing rapidly.
Days after a Pentagon report said Beijing built a large village in a disputed territory in the Arunachal Pradesh sector, India on Thursday said it has neither accepted any illegal occupation of its territory by China nor has it accepted unjustified Chinese claims.
A village built by China along the Line of Actual Control in the Arunachal Pradesh sector and mentioned in a recent Pentagon report, is in territory controlled by that country, sources in the security establishment in New Delhi said on Tuesday.
As protests against the Agnipath military recruitment scheme intensified, the Army, Navy and the Air Force on Friday announced that they will start the enrolment process under the new model by next week while Defence Minister Rajnath Singh appealed to the youths wanting to join the armed forces to start preparing for the induction.
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