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Tamil Nadu defence corridor to be launched on Jan 20

Press Trust of India  |  New Delhi 

The government will launch a defence industrial corridor in on January 20 during which major investments in the sector are expected to be announced, Production Kumar said Monday.

The event will be attended by Defence and senior and armed forces officials.

Defence products are expected to be unveiled at the event, besides launching of a defence innovation hub in Coimbatore, officials said.

Arun Jaitley, in his budget speech on February 2 last year, had announced that two defence industrial production corridors will be set up in the country to promote domestic defence industry.

The government had envisaged building corridors in and The idea behind setting up the defence industrial corridors was to ensure connectivity among various defence industrial units.

The industrial corridor will connect Chennai, Hosur, Coimbatore, and

"During the January 20 event, major industry announcements on investments are expected," Kumar said.

The event will see participation of several defence PSUs and industry players, he said.

When asked whether Ambani and Adani would be participating in the event, Kumar said "Ambani is not participating" as far as he knows.

The defence nodes in Tamil Nadu have a mix of government entities, large private companies, Medium, Small and (MSMEs) and academic institution which makes it an ideal hub for further enhancing the defence-related ecosystem, defence officials said.

Tamil Nadu has over 500 engineering colleges and varsities, including the in Chennai, the in Trichy, and the

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, January 14 2019. 20:20 IST