UP Government signs more than 154 defence deals worth Rs 25,000 crore

by Psu Connect
Date: 08-07-24

The defense projects are coming up in the mega UP Defence Industrial Corridor (UPDIC) spanning six nodes of Lucknow, Kanpur, Jhansi, Aligarh, Chitrakoot and Agra districts.

UP Government signs more than 154 defence deals worth Rs 25,000 crore

The Uttar Pradesh government has signed over 150 defense manufacturing deals worth Rs 25,000 crore as the state administration targets India’s growing defense export market.

India’s annual defense production reached a record high of nearly Rs 1.27 trillion in 2023-24 (FY24), marking a 16.7% increase over the previous year's figure of about Rs 1.09 trillion, as announced by the Ministry of Defence (MoD) on Friday.

The defense projects will take place in the mega UP Defence Industrial Corridor (UPDIC), which spans six nodes across the districts of Lucknow, Kanpur, Jhansi, Aligarh, Chitrakoot, and Agra.

These projects are estimated to create 40,000 fresh jobs, said a senior UP government official.

“We have signed 154 memorandums of understanding (MoUs) with different companies, while about 85 deals are in the pipeline at the evaluation stage,” he added.

“These 42 companies will invest nearly Rs 8,000 crore in their respective projects, which will make UP a critical cog in India’s ambition to attain self-reliance in defense production and boost defense exports,” the official said.

UPEIDA has signed memorandums of understanding (MoUs) with Adani Defence and Aerospace, BrahMos Aerospace, Ancor Research Labs, Tata Technologies, Bharat Dynamics Limited, Delta Combat Systems, SpiceJet Technic, Division, HAL, Gliders India, Defence Research & Development Organisation (DRDO), and Aerolloy Technologies.