For its flagship defence corridor project, the Uttar Pradesh government has received 93 investment proposals totaling more than Rs 11,250 crore.
Memorandums of Understanding (MoUs) have been signed between the nodal organisation, the UP Expressway Industrial Development Authority (UPEIDA), and these private businesses. More companies from the defence industry are being drawn in.
About 30 enterprises have received land for the construction of their plants as part of the corridor, despite the government having so far secured 1,600 hectares. The UP Defence Corridor spans six nodes in the state: Lucknow, Kanpur, Jhansi, Aligarh, Chitrakoot, and Agra. It is a crucial cog in the nation’s defence and strategic matrix.
According to UPEIDA spokeswoman Durgesh Upadhayay, “the state has made a few adjustments to attract private investment, in addition to the previously stated UP Defence and Aerospace Employment Promotion Policy.”
The state has made a few changes to attract private investment, in addition to the previously stated UP Defence and Aerospace Employment Promotion Policy, according to UPEIDA spokeswoman Durgesh Upadhayay.
For the purpose of encouraging the simple flow of cash to potential investors, the state government has partnered with top commercial banks and financial organisations.
The Indo-Russian joint venture for the BrahMos missile project in Lucknow is one of the most notable UP Defence Corridor initiatives. In order to provide Indian military with advanced supersonic missiles, this is being done. The state administration predicts that the Brahmos unit will be operational by 2025. The BrahMos project, worth Rs 300 crore, will create 5,500 new jobs. 10,000 new jobs will be generated through the ancillaries.
Given the importance of the BrahMos project for promoting the state as a top location for the defence manufacturing industry and for ensuring national security, the Yogi Adityanath administration has granted 200 acres for it on a lease of just Rs 1 per acre.
Adani Defence & Aerospace, a member of the Adani group, and UPEIDA have inked a memorandum of understanding (MoU) to build the largest integrated munitions manufacturing plant in South Asia on 250 acres for Rs 1,500 crore.
According to UPEIDA CEO and UP Additional Chief Secretary Awanish Kumar Awasthi, “the project is likely to prove to be a landmark in the history of indigenous defence production, aligning with the objective to achieve defence hardware self-reliance.”
The project is anticipated to play a significant role in assisting India in realising its objective of $5 billion in defence manufacturing exports. Modern ammunition in small and medium calibres, as well as short-range air defence missiles, will be found in the munitions complex.
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