The UP Defence Corridor has so far bagged 93 investment proposals worth more than Rs 11,250 crore for the flagship project. Uttar Pradesh Expressway Industrial Development Authority (UPEIDA), the nodal agency for implementation of the project, has signed memorandums of understanding (MoUs) with these private companies and the process of attracting more defence industry firms is underway.
While UPEIDA has so far acquired 1,600 hectares of land, about 30 companies have been allocated lands for setting up their plants. The UP Defence Corridor, which constitutes a vital cog in the country’s defence and strategic matrix, spans six nodes in the state — Lucknow, Kanpur, Jhansi, Aligarh, Chitrakoot, and Agra.
Apart from the previously announced UP Defence and Aerospace Employment Promotion Policy, the state has made a few amendments to encourage private investment. The state government has tied up with leading commercial banks and financial institutions to promote the easy flow of funds to prospective investors.
Among the most prominent UP Defence Corridor projects is the Indo-Russian joint venture of BrahMos missile project in Lucknow. This is to develop next-generation supersonic missiles for the Indian forces. According to the UPEIDA, the Brahmos unit will be commissioned by 2025. The Rs 300-crore BrahMos project will generate 5,500 fresh jobs. The ancillaries will create an additional 10,000 jobs.