The formal launch of the Tamil Nadu Defence Corridor by defence minister Nirmala Sitharaman is expected to happen on Jan 20 in Trichy.
Briefing media persons ahead of the launch, Secretary Defence Production Ajay Kumar said that “There will be participation from services, and ministry officials industry and other stakeholders at the launch event. Tamil Nadu due to be an expert in the auto components is expected to be good in aerospace too and also its proximity to Bangalore.
“We are expecting investments in tier 1 and tier II. Also, a defence innovation hub is being set up under which maximum support of Rs 20 crore will be given by the government. At this hub they will develop and indigenise certain number of items,” Kumar added. Read More