India announces two defence industrial corridors


Lucknow: Indian Prime Minister Narendra Modi on Wednesday announced a defence industrial corridor in Uttar Pradesh's Bundelkhand region.

"One of the two defence industrial corridors mentioned in the budget, one is proposed in the Bundelkhand region of the state which will bring an investment of Rs 20,000 crore and generate employment avenues for 2.5 lakh people," he said at the Investors Summit 2018.

Stressing that UP government has a vast potential, the Prime Minister said that it requires policy, planning, performance to bring progress and both Chief 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 of industrialists from all over as a sign of a big change, he said the Yogi government has overcome the previous negativity and shown a ray of hope to people 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 Yogi government and said that it could prove to be the game changer for the state, *PTI*reported.

New Delhi