The Uttar Pradesh Cabinet chaired by Chief Minister Yogi Adityanath today gave its approval to the state's UP Defence, Aerospace Unit and Employment Promotion Policy, 2018 while also paving the way for the construction of a defence industrial corridor, an official statement released here said.
In February, during the UP Investors Summit, Prime Minister Narendra Modi announced that a Defence Industrial Corridor will be established.
In an official statement here today, a UP government spokesperson said, "The Defence Industrial Corridor has the potential to attract investment worth Rs 50,000 crore and create 2.5 lakh job avenues in the next five years. For the corridor, in Bundelkhand, almost 3,000 hectare land has been identified by UP Expressways Industrial Development Authority, and there acquisition is proposed."
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app