Lucknow: The competitive and attractive incentive offered by the Uttar Pradesh government is attracting investments of Rs 24,510.60 crore in the Uttar Pradesh Defence Industrial Corridor (UPDIC). The state government aims to generate 41,667 employment opportunities. Major companies like BrahMos Aerospace, Tata Technologies, and Adani Defence Systems have proposed investments in the corridor.
Witnessing significant progress, the Uttar Pradesh Defence Industrial Corridor (UPDIC) is attracting major investments and demonstrating commitment to make India ‘Aatmanirbhar’ (self-reliant) in the defence and aerospace sector, stated a press release from the state government.
Under the Defence and Aerospace Units and Employment Promotion Policy of Uttar Pradesh and with the creation of required infrastructure in the defence corridor, the state has, so far, attracted 114 investment intents with a proposed investment of Rs 24,510.60 crore and potential employment generation of 41,667.Significantly, 34 investment projects worth Rs 3585.85 crore are ready to be included in the upcoming groundbreaking ceremony. These projects are spread across Aligarh, Jhansi, Kanpur and Lucknow nodes of the defence industrial corridor and would generate over 8,530 employment opportunities.
The major companies which have proposed investment in defence industrial corridor include BrahMos Aerospace and Aerolloy 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.
Adding, the government in the press release said that these investors have either established their units or are implementing their projects. These are major investment proposals, and not all of them will necessarily be included in the groundbreaking ceremony.
