News: Defence Corridors to Create 3.5 Lakh Jobs: Defence Minister

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Defence Corridors to Create 3.5 Lakh Jobs: Defence Minister

Investments worth Rs 3200 Crore have already been announced in the Tamil Nadu corridor and a Defence Investors’ Cell has been set up in Uttar Pradesh to ensure speedy development of the corridor.
Defence Corridors to Create 3.5 Lakh Jobs: Defence Minister

The two defence corridors are expected to generate 3.5 lakh jobs (1 lakh in Tamil Nadu and 2.5 lakhs in Uttar Pradesh) at various stages of the supply chain. 

Investments worth Rs 3200 Crore have already been announced in the Tamil Nadu corridor and a Defence Investors’ Cell has been set up in Uttar Pradesh to ensure speedy development of the corridor. 

Defence Minister Nirmala Sitharaman said, “The Uttar Pradesh and Tamil Nadu defence industrial corridors, as announced by the Finance Minister in his 2018 Budget Speech, have been landmark decisions in that direction.”

These Defence Corridors will be built on existing defence production facilities and will set up new industry clusters to create a synergistic supply chain of MSMEs and OEMs with necessary testing and certification facilities, export facilitation centres, technology transfer facilitation etc.

 

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Topics: Others, #Jobs

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