The state government set in motion the process for acquisition of land for the ambitious Defence Corridor project in Bundelkhand, which is to be set up with an estimated investment of Rs 20,000 crore. The Defence Corridor project was announced by Prime Minister Narendra Modi during the two -day `UP Investors Summit’ held in lucknow on February 21-22.
Industries minister Satish Mahana said in lucknow on Monday that consultant for supervising land acquisition for the project has been appointed. He said that the process of allotment of land to investors and entrepreneurs will be taken up after required land was acquired.
The minister was presiding over a meeting to review the progress in the Defence Corridor projectin lucknow on Monday.
“Industries department will shortly organize an exhibition in Kanpur where 240 products will be displayed. The event will provide a forum to buyers and sellers,’’he said.
Mahana said that for the project, clusters will also be developed and directed officers of Industries department to complete all works required by October end.
The minister said that the Corridor was the most ambitious project to have been taken up by the UP government. He said that the project with investment of Rs 20,000 crore was set to create several lakh jobs for Bundelkhand.
He said that for the project, the state government will implement defence manufacturing policy and all industrial organizations will also be consulted in the process of implementation. He was hopeful that the project would provide huge opportunity for MSME sector.
Industrial Development Commissioner Anup Pandey said that the government would provide several facilities to investors while developing the industrial park in the Corridor. He said that the process of acquiring 3,000 hectares of land for the park is underway and to accelerate the process, a meeting of stakeholders would be convened in the next fiortnight.
“Several companies from the USA have evinced interest in investing in the park. For the facility of entrepreneurs, a portal will also be developed,” said Pandey.
Chief Executive Officer of UP Expressway Industrial Development Authority (UPEIDA) Avneesh Awasthi said that the consultant for supervising land acquisition has been appointed and UPEIDA has been selected as nodal agency for land acquisition.
Awasthi said that rules wedre being framed for acquisition of land for the project. He said that a consultant for Bundelkhand Expressway has also been appointed and construction was likely to commence soon.