Government of India, in its budget 2018-19, has announced setting up of two Defence Industrial Corridors (DICs) to develop a holistic defence manufacturing ecosystem in the country.
One corridor has been established in Uttar Pradesh with six nodes namely, Aligarh, Agra, Jhansi, Kanpur, Chitrakoot & Lucknow and another in Tamil Nadu with five nodes namely, Chennai, Hosur, Coimbatore, Salem & Tiruchirappalli.
As per the information received from Government of Uttar Pradesh, 108 Memorandum of Understanding (MoUs) have been signed with industry/organization having potential investment of Rs 12,191 crore.
As of now, investment of Rs 2,445 crore has already taken place in Uttar Pradesh Defence Industrial Corridor (UPDIC).
Further, as per information received from Government of Tamil Nadu, arrangements have been made through MoUs etc. with 53 industries for potential investment of Rs 11,794 crore.
Investment worth Rs 3,894 crore has already taken place in Tamil Nadu Defence Industrial Corridor (TNDIC).
There is no proposal to establish any new Defence Industrial Corridor in the country.
Previously, the Indian Government in its budget 2018-19 had announced setting up of two Defence Industrial Corridors (DICs) to develop a holistic defence manufacturing ecosystem in the country.
Source: https://pib.gov.in/
