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Uttar Pradesh govt bags Rs 11,250 cr proposals for defence corridor project

Tuesday, 23 Aug 2022
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The Uttar Pradesh government has secured 93 investment proposals worth over Rs 11,250 crore for the flagship defence corridor project. 
The nodal agency, the Uttar Pradesh Expressway Industrial Development Authority (UPEIDA), has inked memorandums of understanding (MoUs) with private companies. 
The state government has so far acquired 1,600 ha, about 30 companies have been allocated land for setting up their plants as part of the corridor. 
Apart from the previously announced Uttar Pradesh Defence and Aerospace Employment Promotion Policy, the state has made a few amendments to encourage private investment. 
The Indo-Russian joint venture will set up BrahMos missile project in Lucknow. This is to develop next-generation supersonic missiles for the Indian forces. 
The Brahmos unit will be commissioned by 2025. The BrahMos project worth Rs 300 crore will generate 5,500 fresh jobs. The ancillaries will create an additional 10,000 jobs. 
The state government has allocated 200 acre for the project on a lease of Rs one, considering its importance for national security and for showcasing the state as a preferred destination for the defence manufacturing sector. 
Adani Defence & Aerospace has signed an MoU with UPEIDA to develop South Asia’s largest integrated ammunition manufacturing facility over 250 acre at an investment of Rs 1,500 crore. 
The ammunition complex will comprise state-of-art technology across small and medium caliber ammunition and short-range air defence missiles.
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