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Second defence industrial corridor to come up in UP, says PM Modi

Feb 21, 2018 16:06 IST
Second defence industrial corridor to come up in UP, says PM Modi

Indian Prime Minister Narendra Modi announced on February 21, 2018 that the government would be establishing a defence industrial production corridor in Uttar Pradesh.

The corridor is expected to be built at an estimated cost of Rs 20,000 crore and it is expected to generate about 250,000 jobs.

The announcement was made by the Prime Minister while addressing the Investors meet in Uttar Pradesh. He stated that in this year’s budget, two defence industrial production corridors were proposed, among them one would be constructed in Uttar Pradesh.

Key Highlights

• The Industrial corridor will link Agra, Aligarh, Lucknow, Kanpur, Jhansi and Chitrakoot.

• It will be constructed keeping in mind the development requirements of Bundelkhand region.

• The government had earlier announced that it would develop two such corridors.

• The first of the two corridors will be constructed between Chennai and Bengaluru, linking Kattupalli port, Chennai, Tiruchi, Coimbatore and Hosur.

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Further, Modi praised the Uttar Pradesh government for opening the state up to investors and taking decisions that have linked industrial development with employment generation.

He stated that there is no dearth of resources and opportunities in Uttar Pradesh, which is home to some of India’s most-sought after hand work such as Lucknow chikankari and Banarasi zardosi and asked the UP government to compete with Maharashtra in achieving a target of one trillion dollar economy.

Uttar Pradesh is currently the number one state in the production of grains, wheat, sugarcane, milk and potatoes in the whole country. It is also the second largest producer of fruits and third largest producer of vegetables in the country.

The UP Investors summit that began today, February 21, 2018, is being organised by the UP state government to showcase the investment opportunities in the state.

UP government signs 900 MoUs ahead of Investors Summit 2018

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