Uttar Pradesh Defence Industrial Corridor poised to Make India ‘Atmanirbhar’ in defence production
In the upcoming groundbreaking ceremony (GBC) in Uttar Pradesh, nearly 34 investment projects worth Rs.3,585.85 crore are ready to be included.
These projects are spread across Aligarh, Jhansi, Kanpur, and Lucknow nodes of the defence industrial corridor and would generate over 8,530 employment opportunities.
UP Defence Industrial Corridor has collaborated with financial institutions to offer customized loans and cater to the specific needs of MSMEs and startups in the defence and aerospace sector.
The current surge in investment and investors aligns with the government’s indigenization policy, emphasizing the manufacturing of 509 items on the positive list and 4,666 Line-Replaceable Units that will be compulsorily manufactured in India, translating into a total home-grown business of Rs.1,75,000 crore.
The Uttar Pradesh Defence Industrial Corridor (UPDIC) is attracting major investments and demonstrating a commitment to make India ‘Atmanirbhar’ (self-reliant) in the defence and aerospace sector.
So far, the sector has attracted 114 investment intents with a proposed investment of Rs.24,510.60 crore and potential employment generation of 41,667.
Among major companies, that have proposed investment in defence industrial corridor, include BrahMos Aerospace and Areolloy Technologies at Lucknow, Bharat Dynamics Ltd, Armoured Vehicles Nigam Ltd, Tata Technologies Ltd, Global Engineers Ltd, and WB Electronics India Ltd at Jhansi, Adani Defence Systems & Technologies Ltd, Ananth Technologies and Genser Aerospace at Kanpur, Anchor Research Labs LLP and Amitec Electronics at Aligarh.
These investors have either established their units or are in the process of implementing their projects.
It may be recalled that the establishment of the Uttar Pradesh Defence Industrial Corridor was announced in February 2018 by the Prime Minister. The state government also moved fast in acquiring greenfield land parcels at Agra, Aligarh Chitrakoot, Jhansi, Kanpur, and Lucknow nodes, creating a land bank of in Phase I.
The Government of Uttar Pradesh invests in developing basic infrastructure across nodes, creating a conducive environment for investors. IIT Kanpur and IIT (BHU) Varanasi have been nominated as the Centres of Excellence, conducting research and filling critical R&D gaps.
The Ministry of Defence, Government of India has launched the Defence Testing Infrastructure Scheme with an outlay of Rs 400 crore for creating state-of-the-art testing infrastructure in partnership with the private industries.
A grant-in-aid of Rs 117.06 crore has been approved by the Ministry of Defence, Government of India for establishing three defence testing facilities in Kanpur and Lucknow.
UP Defence Industrial Corridor is transforming Uttar Pradesh into a major hub for defence and aerospace manufacturing, contributing to India’s self-reliance and economic growth. The Yogi government’s commitment to creating a supportive ecosystem and fostering innovation attracts leading players and propels the corridor’s success.
[With Inputs from IANS]
For all the latest updates, download PGurus App.
