Current Affairs - State - Discussion

In pursuance of the announcement made by the then Finance Minister Mr. Arun Jaitley in the budget speech 2018-19, the Government has decided to set up 2 Defence Industrial Corridors in Uttar Pradesh and Tamil Nadu. It will cover the needs of Micro, Small and Medium Enterprises (MSME). The 6 nodes of Uttar Pradesh Defence Industrial Corridor are Lucknow, Kanpur, Agra, Aligarh, Chitrakoot, and Jhansi.Investments worth Rs 4,000 crore have been received and the project is expected to cost Rs 20,000 crore. Change is proposed in the Defence Policy-2018 of the Uttar Pradesh government for the inclusion of the manufacture of arms, ammunition, and explosives as an investment area for the defence corridor.