The Defence Ministry is expecting an investment of over Rs 4,000 crore in the Defence Industrial corridor in Tamil Nadu, which will be launched on January 20.
"The Defence industrial corridor will be launched on January 20 in which we are expecting major investment announcements," Secretary, Defence Production, Ajay Kumar said here on Monday.
The defence corridor in Uttar Pradesh was launched last year where DPSUs and private sector companies have announced investments of over Ra 4,000 crore.
Finance Minister Arun Jaitley, in his budget speech on February 2 last year, had announced that two defence industrial production corridors would be set up in the country to promote the domestic defence industry.
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