Nearly 34 investment projects worth a combined Rs 3,585.85 crore are scheduled to have their groundbreaking ceremonies (GBC) in Uttar Pradesh. Since its inception in February 2018 by Prime Minister Narendra Modi, the Uttar Pradesh Defence Industrial Corridor (UPDIC) has drawn significant investments, proving a dedication to the ‘Atmanirbhar Bharat’ vision.
With 114 investment intents and a proposed investment of an enormous Rs 24,510.60 crore, the UPDIC encompasses important nodes in Aligarh, Jhansi, Kanpur, and Lucknow. An estimated 41,667 jobs might be created by these endeavours, which would be a major contribution to the state’s job creation.
Major corporations including BrahMos Aerospace, Areolloy Technologies, Bharat Dynamics Ltd, Armoured Vehicles Nigam Ltd, Tata Technologies Ltd, Global Engineers Ltd, WB Electronics India Ltd, Adani Defence Systems & Technologies Ltd, Ananth Technologies, Genser Aerospace, Anchor Research Labs LLP, and Amitec Electronics are leading the way in this revolutionary endeavour.
Either their units have already been established within the corridor, or they are currently in the process of implementing their initiatives. It is anticipated that the dispersion of these projects will result in around 8,530 new job opportunities, significantly boosting the region’s economic expansion.
In Phase I, a sizable land bank has been established by the Uttar Pradesh government’s aggressive acquisition of greenfield land parcels in the key cities of Agra, Aligarh, Chitrakoot, Jhansi, Kanpur, and Lucknow. To create an atmosphere that is favourable for investors, the government is spending on the development of basic infrastructure throughout these nodes. Designated as Centres of Excellence, IIT Kanpur and IIT (BHU) Varanasi are essential for research and for bridging important R&D gaps.
With a budget of Rs 400 crore, the Ministry of Defence, Government of India, has introduced the Defence Testing Infrastructure Scheme in keeping with its commitment to improving testing capabilities. To create three defence testing facilities in Kanpur and Lucknow, a grant-in-aid of Rs 117.06 crore has been authorised.
In order to meet the unique needs of MSMEs and startups in the defence and aerospace sectors, the UP Defence Industrial Corridor has partnered with financial institutions to offer tailored loans. The goal of this cooperative endeavour is to promote innovation and build an environment that is conducive to economic success.
