Def industrial corridor to catapult UP as an advanced mfg centre

| | Lucknow
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Def industrial corridor to catapult UP as an advanced mfg centre

Thursday, 05 August 2021 | PNS | Lucknow

The Uttar Pradesh Defence Industrial Corridor is all set to catapult the state as one of the largest and most advanced manufacturing centres for defence equipment in the country. In the last three years, the state government has received investment proposals from 55 big companies out of which 19 have been allotted land to set up their factories.

 

The Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) has allotted 55 acres of land to 19 firms, which will establish their manufacturing units with an investment of Rs 1,245 crore, providing employment to thousands of people. With these investments and many more in the pipeline in the defence industrial corridor, the state is gearing up to become self-reliant in the manufacturing of defence equipment in near future.

 

Prime Minister Narendra Modi had announced the creation of a defence industrial corridor in UP during the UP Investors' Summit in February 2018, with nodes in Lucknow, Kanpur Nagar, Chitrakoot, Jhansi, Agra and Aligarh. Subsequently, domestic and foreign companies signed memorandums of understanding (MoUs) worth Rs 50,000 crore for investment during the Defence Expo held in Lucknow in February, 2020. Most of the MoUs have been signed for that part of the corridor which falls in the Aligarh node. Defence manufacturing companies have also shown interest in investing in the Lucknow node of the corridor.

 

According to UPEIDA officials, altogether 29 companies have submitted their proposals for setting up their units in the Aligarh node and have also requested for allotment of land for the same. A total of 11, eight, and six defence manufacturing companies have sought land from the government to set up their factories in the Lucknow, Kanpur Nagar and Jhansi nodes, respectively. Acting promptly on their requests, the UPEIDA has so far allotted 55.4 hectares of land to 19 international companies in the Aligarh node.

 

Prominent among the 19 companies include Anchor Research Lab LLP, which will invest Rs 550 crore and has been allotted 10 hectares of land by the UPEIDA. Similarly, 10 hectares of land has been allotted to Sadicate Innovation International, which is investing Rs 150 crore. Jai Sai Anu Overseas, which will set up its unit at the cost of Rs 100 crore, has been given 4.5 hectares of land. Similarly, Milkar Defence Pvt Ltd has been allotted four hectares of land to set up its unit at a cost of Rs 98.25 crore. Tractrix Auto Dynamics, which is investing Rs 40 crore, has been allotted two hectares to set up its factory.

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