The Tamil Nadu government on Wednesday released the new Aerospace and Defence Policy, 2019, which aims to increase the defence sector’s share of the industry to 30 per cent and create high-end employment opportunities for around 100,000 people in the state.
The policy was released by Union Defence Minister Nirmala Sitharaman at the inaugural ceremony of the state Global Investors Meet 2019. Of the two defence industrial production corridors planned by the Centre, one is coming up in Tamil Nadu and another in Uttar Pradesh.
Already investment proposals to the tune of Rs 3,100 crore have come from the ordinance factory boards (OFBs), Defence Public Sector Undertakings (DPSUs) and private sector units. Read More