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India announces two defence industrial corridors

India announces two defence industrial corridors

Lucknow: Indian Prime Minister Narendra Modi on Wednesday announced adefence industrial corridor in Uttar Pradesh’s Bundelkhand region.

“One of the two defence industrial corridors mentioned in the budget, oneis proposed in the Bundelkhand region of the state which will bring aninvestment of Rs 20,000 crore and generate employment avenues for 2.5 lakhpeople,” he said at the Investors Summit 2018.

Stressing that UP government has a vast potential, the Prime Minister saidthat it requires policy, planning, performance to bring progress and bothChief Minister Yogi Adityanath and people of the state are ready to give”super hit” performance.

Terming holding of investor’s summit in UP and congregation ofindustrialists from all over as a sign of a big change, he said the Yogigovernment has overcome the previous negativity and shown a ray of hope topeople with positive changes.

“Uttar Pradesh has values and virtues, but it also needs value addition,”PM Modi said lauding the new policy ‘one district one product’ of the Yogigovernment and said that it could prove to be the game changer for thestate, *PTI*reported.