Defence

Kumbh of Defence Companies Give Fillip to Investment in UP

In a major push to the Uttar Pradesh Defence Industrial Corridor, proposals for investment worth ₹50,000 crore were received by the state during the just concluded Defence Expo 2020 held in Lucknow. UP has set a target of Rs. One Lakh crore investment in its defence corridor to make a strong pitch for the state as a defence manufacturing hub in the country. Indeed, the DefExpo 2020 provided the crucial road to success of defence corridor.

Defence Minister Rajnath Singh, who hails from the state, said UP stands for ‘unlimited potential’ and DefExpo has succeeded in projecting a new identity of the state in the defence sector and the Defence corridor received a huge boost for attracting new investments with the signing of 23 MoUs.

Chief Minister of Uttar Pradesh Yogi Adityanath said the successful organisation of DefExpo enhanced the image and prestige of Uttar Pradesh. Describing DefExpo as “Defence Kumbh”, he explained that through this event a strong base for the defence corridor has been laid and Uttar Pradesh will now become a “new hub” of defence production.

“After UP was awarded the Defence Corridor by the Prime Minister in 2018, we formulated our defence and aerospace policy and created a large land bank of 25,000 acres in the six nodes,” he informed. The CM claimed owing to the better connectivity in UP and improved law and order, the state had emerged a preferred investment destination, and the DefExpo would further fuel its forward march.

He stressed the government was striving hard to speed up infrastructure development and build a network of mega expressways. While two expressways viz. Yamuna Expressway and Agra-Lucknow Expressway are operational

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Bharat Shakti
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