Defence Corridor

Assam Chief Minister Himanta Biswa Sarma on Friday said Defence Minister Rajnath Singh has responded positively to the proposal of setting up the country's third defence corridor in the state. Sarma met Singh during his recent visit to New Delhi and discussed the issue of setting up of a defence corridor in the state after Uttar Pradesh and Tamil Nadu. 'After the setting up of a semiconductor unit in the state, we are keen that it becomes a defence production hub and Singh has responded positively to the proposal', Sarma said at a press conference here. Sarma asserted that the proposal is under "advanced consideration" but it may take some time due to its sensitivity. The Chief Minister pointed out that several factors need to be evaluated before a final decision is made, but establishing a defence corridor would significantly impact the state's economic landscape. Sarma also noted that, for the first time, the Union Budget acknowledged that Assam's floods are exacerbated by water

The Centre has cleared a Ministry of Housing and Urban Affairs-DDA proposal for the construction of the Rithala-Narela-Kundli metro corridor, a Raj Niwas statement said on Saturday. Delhi Lieutenant Governor V K Saxena had taken up the construction of this metro corridor with the Centre on various occasions, it said. The Rithala-Narela-Kundli metro corridor will be constructed at a cost of Rs 6,231 crore with the Delhi portion estimated to cost Rs 5,685.22 crore and the Haryana portion Rs 545.77 crore, the statement said. This corridor is planned as an extension of the existing Red Line. Nearly 40 per cent of the cost of the Delhi portion will be borne by the central government. The Delhi Development Authority (DDA) will be contributing Rs 1,000 crore of the remaining cost while 37.5 per cent of the capital will come from bilateral/multilateral loans and about 20 per cent from the Delhi government, it said. For the Haryana portion, while the state government will provide grants ..

There is no proposal to establish any new defence industrial corridor in the country, Parliament was informed on Friday. Minister of State for Defence Ajay Bhatt said this in written response to a query in the Lok Sabha. The government, in its budget for 2018-19, announced setting up of two defence industrial corridors (DICs) to develop a holistic defence manufacturing ecosystem in the country, he said. One corridor has been established in Uttar Pradesh with six nodes, namely Aligarh, Agra, Jhansi, Kanpur, Chitrakoot and Lucknow. The second is in Tamil Nadu with five nodes, namely Chennai, Hosur, Coimbatore, Salem and Tiruchirappalli, he said. "As per the information received from the government of Uttar Pradesh, 108 Memorandum of Understanding (MoUs) have been signed with industry/organisation having potential investment of Rs 12,191 crore. Investment of Rs 2,445 crore has already taken place in Uttar Pradesh Defence Industrial Corridor (UPDIC)," he said. Further, as per informa

Margins for state-owned firm that specialises in missiles would be range bound given higher raw material costs

MoUs for investment worth Rs 12,000 crore already signed with private firms and institutions, says nodal chief

In probable first-time-ever prospect, the world's leading military hardware makers will compete in a commercial landscape in the aftermath of the Russia-Ukraine conflict.

PM Modi will lay foundation stones of a state university and the Aligarh node of the defence corridor here on September 14, Uttar Pradesh Chief Minister Yogi Adityanath said here on Wednesday.

The Uttar Pradesh Defence corridor is estimated to attract Rs 20,000 crore investment and create 250,000 jobs

Six nodal points have been identified in state -- Agra, Aligarh, Lucknow, Kanpur, Chitrakoot and Jhansi -- for the corridor

Defence Minister Nirmala Sitharaman said the corridors would give a "big boost" to defence production and pave the way for setting up the first Defence Production Corridor in Tamil Nadu