Investors Summit: Yogi Looks For Investment In Defence Manufacturing Sector

The Yogi Adityanath government is set to pitch for the emerging defence manufacturing in the state during the two day Rs UP Investors Summit’ starting in Lucknow from Wednesday.

The government plans to lay out the red carpet for global and India Inc for the Summit to be inaugurated by Prime Minister Narendra Modi on Wednesday.

The Chief Minister has already said that UP has potential to attract private investments of almost Rs one lakh crore in the sector, especially in the backdrop of Modi government aspiring for greater defence indigenisation under ‘Make in India’.

The importance that Yogi attaches to this new manufacturing segment is indicated in his scheduled presence at the session on ‘Defence and Aerospace: Investment Opportunities in Uttar Pradesh’ which would be chaired by Union Defence minister Nirmala Sitharaman on the concluding day of the Summit on February 22.

The state government has also planned to develop a defence manufacturing hub in the arid region of Bundelkhand, which has an abundance of non-agricultural land.

The proposed 320 km long Bundelkhand Expressway connecting Jhansi and Kushinagar and intersecting 302 km long Agra-Lucknow Expressway and the proposed 352 km long Purvanchal Expressway is projected to boost the prospects of defence manufacturing corridor through faster connectivity and better logistics. Read More…

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