DEFEXPO 2020

DefExpo 2020: UP govt inks 23 defence manufacturing-related MoUs worth Rs 50,000 crore

A total of 71 MoUs, 13 product launches, 18 transfer of technology and six major announcements formed the key takeaways of the 11th edition of DefExpo 2020 held in Lucknow, taking the total number of agreements signed at the expo to more than 200. Of these, 23 MoUs worth Rs 50,000 crore were inked with the Uttar Pradesh (UP) government alone through the UPEIDA. These 23 MoUs will provide employment to over 3 lakh people.

The pacts are aimed at forging and renewing partnerships for innovative collaboration and transformation of defence manufacturing in the country. Addressing the delegates and entrepreneurs during the MoU signing programme, termed ‘Bandhan ceremony’ to create an emotional bond, chief minister Yogi Adityanath said as a state partner for this programme, UP has made the country and the world aware of new possibilities that lie unexplored in the state.

Assuring entrepreneurs that their investment will be safe and UP will set new dimensions in the field of defence production, the chief minister said during the last two years, the state government has gone all out to organise various programmes related to the Defence Corridor with the Ministry of Defence.

“We have not only formulated a defence and aerospace policy in UP, but have also prepared a policy of different focus centers and increased possibilities of investment,” Adityanath said.

Of the six nodes on the UP Defence Corridor, the entire land bank in Aligarh and Jhansi has already been booked. “We now have lands available in the remaining four nodes – Agra, Chitrakoot, Kanpur and Lucknow – only,” he said.

Defence minister Rajnath Singh said the investment of the entrepreneurs who signed 23 MoUs with UP will not only help in taking forward India’s defence research and industry, but also make a major contribution to the development of the state.

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Source
Financial Express
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