UP's Defence Manufacturing Investment Push
DEFENSE

UP's Defence Manufacturing Investment Push

The Uttar Pradesh (UP) government is ambitiously seeking to attract ?500 million in investments for its defence manufacturing corridor. This initiative aims to bolster India?s defence capabilities by establishing a robust infrastructure for defence production within the state.

This project, part of a broader national strategy, aligns with Prime Minister Narendra Modi's vision of self-reliance, or Atmanirbhar Bharat, in defence manufacturing. The UP Defence Industrial Corridor, announced in 2018, is one of two such corridors planned in the country. It spans several districts, including Aligarh, Agra, Jhansi, Kanpur, Chitrakoot, and Lucknow, with the intent to create a comprehensive ecosystem for defence equipment manufacturing.

To achieve this investment target, the UP government is actively engaging with domestic and international defence manufacturers, offering various incentives such as tax breaks, subsidies, and simplified regulatory processes. These efforts are designed to make the state an attractive destination for both Indian and foreign investors.

The government has also committed to developing the necessary infrastructure, including road and rail connectivity, power supply, and skilled labour availability. The initiative is expected to generate significant employment opportunities, potentially transforming the region into a hub for advanced manufacturing and innovation.

The 14th RAHSTA Expo, part of the India Construction Festival, will be held on October 9 and 10, 2024, at the Jio Convention Centre in Mumbai. For more details, visit: https://rahstaexpo.com

The Uttar Pradesh (UP) government is ambitiously seeking to attract ?500 million in investments for its defence manufacturing corridor. This initiative aims to bolster India?s defence capabilities by establishing a robust infrastructure for defence production within the state. This project, part of a broader national strategy, aligns with Prime Minister Narendra Modi's vision of self-reliance, or Atmanirbhar Bharat, in defence manufacturing. The UP Defence Industrial Corridor, announced in 2018, is one of two such corridors planned in the country. It spans several districts, including Aligarh, Agra, Jhansi, Kanpur, Chitrakoot, and Lucknow, with the intent to create a comprehensive ecosystem for defence equipment manufacturing. To achieve this investment target, the UP government is actively engaging with domestic and international defence manufacturers, offering various incentives such as tax breaks, subsidies, and simplified regulatory processes. These efforts are designed to make the state an attractive destination for both Indian and foreign investors. The government has also committed to developing the necessary infrastructure, including road and rail connectivity, power supply, and skilled labour availability. The initiative is expected to generate significant employment opportunities, potentially transforming the region into a hub for advanced manufacturing and innovation.

Next Story
Real Estate

Singapore's CapitaLand Plans Major India Expansion

CapitaLand Investment Limited (CLI), one of Singapore's largest real estate investment managers, has announced plans to significantly expand its investments in India. The company aims to more than double its India portfolio by 2028, signaling its confidence in the country?s burgeoning real estate market. Current Portfolio and Growth Target: CLI currently manages assets worth USD 3.3 billion in India. With its sights set on future growth, the company is targeting a dramatic increase in its India investment kitty to over USD 7 billion by 2028. This move comes as part of a broader strategy to ca..

Next Story
Infrastructure Transport

Air India MRO Facility Key Hub

Air India has launched a state-of-the-art Maintenance, Repair, and Overhaul (MRO) facility at Bengaluru Airport City, establishing a crucial hub for aircraft servicing in India?s burgeoning aviation sector. This new MRO facility aims to enhance Air India?s operational capabilities, improve turnaround times for aircraft maintenance, and reduce reliance on overseas servicing. Strategic Importance of Bengaluru: The facility, located at the Kempegowda International Airport (KIA) in Bengaluru, is strategically positioned to serve as a critical aviation hub. Bengaluru is a key center for both domest..

Next Story
Infrastructure Transport

BMC Notifies Properties for Water Tunnel

The Brihanmumbai Municipal Corporation (BMC) has initiated a crucial step in Mumbai's infrastructure development by notifying several properties for its ambitious underground water tunnel project. This project aims to bolster the city's water supply system, ensuring a more reliable and efficient distribution network. Project Overview: The underground water tunnel project is designed to address Mumbai's increasing demand for water by creating a robust network of tunnels deep below the surface. This tunnel system will transport water from reservoirs directly to various parts of the city, signif..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000