As per the information received from Government of Uttar Pradesh, Uttar Pradesh Expressways Industrial Development Authority (UPEIDA), the nodal agency for Uttar Pradesh Defence Industrial Corridor (UPDIC) has signed 69 Memorandum of Understanding (MoUs) with industry with potential investment of Rs 10,545 crore. Actual Investment of Rs 1,767 crore has been made by the industries in UPDIC.

Further, as per information received from Tamil Nadu Industrial Development Authority (TIDCO), the nodal agency for Tamil Nadu Defence Industrial Corridor (TNDIC) has arranged investment worth potential of Rs 11,359 crore through MoUs etc. with 42 industries. Actual Investment worth Rs 3,176 crore has been made by the industries in TNDIC.

The respective State Governments have their own Aerospace and Defence Policy to offer support to investors through various incentives. Regular interaction with all stakeholders such as DPSUs and private investors is being carried out by respective State and Union Government to understand the challenges and address issues of investors. No separate funds have been allocated by Central Government for setting up of the Defence Industrial Corridors.

The new Defence companies have the autonomy to engage manpower, as per their functional requirement.

This information was given by Raksha Rajya Mantri Shri Ajay Bhatt in a written reply to Shri Shanmuga Sundaram K and others in Lok Sabha today.

 

ABB/Savvy

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