TN Defence Corridor to attract Rs 3,123 crore investment

In an effort to accelerate indigenous production of defence systems, Defence Minister Nirmala Sitharaman on Sunday inaugurated a Tamil Nadu Defence Industrial Corridor here that is expected to attract Rs 3,123.50 crore worth of investment.

Inaugurating the corridor, Sitharaman said the Centre had decided to have two corridors – in Uttar Pradesh and Tamil Nadu – despite the demands from states like Karnataka and Maharashtra.

Tiruchirappalli is about 350 km from Chennai. The Minister also spoke about the Defence Ministry’s initiatives to ensure that the Indian industry engages with the country’s armed forces to co-create best defence technologies.

According to Sitharaman, the development of these specialised corridors will facilitate a well planned and efficient industrial base. Read More

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