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Def Expo 2020 to Trigger Investment in UP Defence Industrial Corridor

Holding of the Def Expo 2020 in Lucknow the capital of the North Indian state of Uttar Pradesh (UP) is expected to attract foreign and Indian defence majors to the industrial corridors planned in this sector by the central government.

The then Union Finance Minister late Mr Arun Jaitley in his budget speech of 2018-19 had announced setting up of two Defence Industrial Corridors in the country in Uttar Pradesh and Tamil Nadu. 

In Uttar Pradesh six nodes have been identified for Defence Corridor viz. Agra, Aligarh, Chitrakoot, Jhansi, Kanpur and Lucknow.  Land has been identified for the six nodes at  of  5125.348 Hectare of which 75 percent has been already acquired.

Uttar Pradesh Defence Industrial Corridor took off with the announcement of investments worth over Rs. 3700 crore in defence production at a meet organized at Aligarh on 11 August 2018.................

The then Union Finance Minister late Mr Arun Jaitley in his budget speech of 2018-19 had announced setting up of two Defence Industrial Corridors in the country in Uttar Pradesh and Tamil Nadu. 

In Uttar Pradesh six nodes have been identified for Defence Corridor viz. Agra, Aligarh, Chitrakoot, Jhansi, Kanpur and Lucknow.  Land has been identified for the six nodes at  of  5125.348 Hectare of which 75 percent has been already acquired.

Uttar Pradesh Defence Industrial Corridor took off with the announcement of investments worth over Rs. 3700 crore in defence production at a meet organized at Aligarh on 11 August 2018.

The Defence Minister, Smt Nirmala Sitharaman [present Finance Minister] said “Instead of using our own production facilities, we are blindly buying from abroad. Prime Minister is of the view...mobilise and activate these units, and link the private sector with them, so that there is a reduction in the import bill."

Govt. of UP vide Industrial Development Department, nominated UPEIDA (Uttar Pradesh Expressways Industrial Development Authority) as the Nodal Agency for the ;and acquisition related works for Defence Corridor and execution, implementation and proprietorship of Defence Corridor through the medium of a Special Purpose Vehicle as per the guidelines of Govt. of India’s Defence Policy.

The UP government has also identified IIT Kanpur and IIT Kashi Hindu University Varanasi for establishment of Centre of Excellence related with Defense Corridor and allotted with the amount of Rs. 2.00 Crore each against total approved amount of Rs. 50.00 Crore and Rs. 69.00 Crore respectively in the financial year 2018-19.

Technical institutes have started working for CoE and Utility Certificate has also been made,

A proposal to establish the defense park as a joint venture of UPEIDA and IIT, Kanpur on 30 Acre land proposed in Shivli near the IIT Kanpur has been forwarded to Department of Industrial Development by UPEIDA.

http://upeida.in/article/en/up-defence-corridor

Uttar Pradesh Aero Space and Employment Promotion Policy have been published.

Swift action is being taken by UPEIDA regarding publishing of a policy related with allotment of land to the investors in U.P. Defense Industrial Corridor.

Interest has been expressed by various companies to establish defense industries at the identified places for U.P. Defense Industrial Corridor.

http://upeida.in/article/en/up-defence-corridor

Some companies who have propose investment in the UP Defence Industrial Corridor include Titan Aviation & Aerospace India Limited, SpiceJet Technic Private Limited and Central Railside Warehouse Company Limited, Ancor Research Labs LLP, OshoCorp Global Pvt Ltd, National Small Industries Corporation Ltd, Triveni Engineering and Industries Ltd, Viitor Cloud Technologies, Tata Technologies Ltd and MSK Business Solutions Private Limited. HAL and BDL as per a report in the Times of India

The MOUs will be signed with IIT Kanpur and UPEIDA.

https://timesofindia.indiatimes.com/city/lucknow/up-government-set-to-ink-17-mous-at-defence-expo/articleshow/73788059.cms

 

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