Lucknow (PNS): The Yogi Adityanath Government is set to pitch for the emerging defence manufacturing in the State during the two-day “UP Investors’ ‘Summit” starting in Lucknow on Wednesday. The Government plans to lay out the red carpet for global and India Inc for the Summit to be inaugurated by Prime Minister Narendra Modi on Wednesday.
The Chief Minister has already said that UP has potential to attract private investments of almost Rs 1 lakh crore in the sector, especially in the backdrop of Modi Government aspiring for greater defence indigenisation under ‘Make in India’.
The importance that Yogi attaches to this new manufacturing segment is indicated in his scheduled presence at the session on ‘Defence and Aerospace: Investment Opportunities in Uttar Pradesh’ which would be chaired by Union Defence Minister Nirmala Sitharaman on the concluding day of the Summit on February 22. The State Government has also planned to develop a defence manufacturing hub in the arid region of Bundelkhand,
which has an abundance of non-agricultural land. The proposed 320 km long Bundelkhand Expressway connecting Jhansi and Kushinagar and intersecting 302 km long Agra-Lucknow Expressway and the proposed 352 km long Purvanchal Expressway is projected to boost the prospects of defence manufacturing corridor through faster connectivity and better logistics.
As per estimates, India is projected to incur $250 billion on defence procurement over the next decade. Modi has willed India to shed the tagof the world’s largest arms importer by encouraging foreign firms to collaborate with Indian entities and manufacture deference in the country.
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