Industries Invest Over Rs 6,200 Crore In Defence Corridors Of Uttar Pradesh And Tamil Nadu, MoUs Signed For Rs 24,000 Crore

The two Defence Industrial Corridors (DIC) in Uttar Pradesh and Tamil Nadu established by the Government of India received investments of over Rs 6,200 crore.

While Rs 2,422 crore have been invested in Uttar Pradesh Defence Industrial Corridor (UPDIC), Tamil Nadu Defence Industrial Corridor (TNDIC) received Rs 3,847 crore investments.

Also, 105 Memorandum of Understandings (MoUs) for potential investments of Rs 12,139 crore have been signed with industries for UPDIC and potential investment of Rs 11,794 crore from 53 industries is received by TNDIC.

This information was given by Minister of state for defence, Ajay Bhatt, in a written reply in Rajya Sabha on Monday (12 December).

Defence Industrial Corridors

To support the growth of the Defence sector and enhance manufacturing capacity in the sector, the government is setting up two Defence Industrial Corridors in India, one in Uttar Pradesh and another in Tamil Nadu.

The Defence Industrial Corridors are expected to catalyse indigenous production of defence and aerospace-related items and reduce India's imports while promoting the export of these items to other countries.

With DICs, Government intends to develop a defence manufacturing ecosystem having conducive conditions including supply chain for giving push to production, testing and certification to create economies of scale and facilitate development of internationally competitive defence enterprises in the country.

The Uttar Pradesh Defence Industrial Corridor is being set up by the Uttar Pradesh Expressways Industrial Development Authority (UPEIDA). It consists of six nodal points - Agra, Aligarh, Chitrakoot, Jhansi, Kanpur and Lucknow - with the potential to develop defence industries in the corridor.

The Tamil Nadu Defence Corridor consists of five nodal points - Chennai, Coimbatore, Hosur, Salem, Tiruchirappalli.