New Delhi: With a view to boosting defence sector as Uttar Pradesh is one of the two states to have a Defence Industrial Corridor (DIC) and upcoming DefExpo in Lucknow in February next year, the Uttar Pradesh government on December 3 decided to provide 25 per cent subsidy and 100 per cent stamp duty waiver for setting up defence industry in the state.
“The cabinet has amended the UP Defence, Aerospace Unit and Employment Promotion Policy-2018 with provision of providing 25 per cent subsidy and 100 per cent stamp duty waiver for setting up defence industry in the state,” Industrial Development Minister Satish Mahana told reporters in state capital Lucknow.
The companies that will set up defence industries will be provided all facilities including power, road and fencing of land, the minister added.
