Meanwhile, Singh informed the cabinet note of the new defence
manufacturing policy was ready and would be released in September 2020. He directed the state to speed up the process of land acquisition
in Lucknow and Agra nodes.
Recently, Indian Navy had signed a memorandum of understanding (MoU) with UP Expressway Industrial Development Authority (UPEIDA) for setting up a ‘Centre of Excellence’ in the Defence Corridor to promote research and innovation in defence sector.
UP chief secretary R K Tiwari said nearly 90 per cent or more than 1,300 hectares of total 1,461 hectares approved for the Corridor had been acquired by the state, while land was being identified on the outskirts of Lucknow and outside the Taj Trapezium Zone (TTZ) in Agra districts.
Meanwhile, UP additional chief secretary and UPEIDA CEO Awanish Kumar Awasthi informed the defence minister the state had speeded up projects under the Corridor and new policies had also been framed, including Defence and Aerospace Manufacturing Employment Promotion Policy 2018.
He informed Titan Aviation and Aerospace India Limited will invest more than Rs 36,000 crore in Jhansi, for which the detailed project report (DPR) had been submitted.
“So far, 32 MoUs have been signed relating to the UP Defence Corridor.
The state has received proposals from investors based in South Korea and Ukraine,” Awasthi added.
Recently, German military and security hardware/technology major Rheinmetall had also evinced interest in the UP Defence Corridor.
Rheinmetall Group is Europe’s foremost supplier of defence and security ware, and is a partner of the armed forces of Germany and its NATO allies. It is gradually transforming into a global player with a series of acquisitions and setting up of foreign subsidiaries.
As part of the ‘Invest UP’ theme, UP investment promotion and micro, small and medium enterprises (MSME) minister Sidharth Nath Singh had recently held a virtual conference with Susanne Wiegand, CEO of Rheinmetall Electronics Division, and Fabian Ochsner, CEO, Rheinmetall Air Defence, in view of their proposed investment.