German military hardware major Rheinmetall to invest in UP Defence Corridor

UP has so far signed investment MoUs worth Rs 50,000 crore in the Corridor

German military and security hardware/technology major Rheinmetall is looking to invest in the Uttar Pradesh Defence Corridor, for which memorandums of understanding (MoU) with 23 private companies entailing investment of Rs 50,000 crore have been signed so far.

Rheinmetall Group is Europe’s foremost supplier of defence and security ware, and is a partner of the armed forces of Germany and its NATO allies. It is gradually transforming into a global player with a series of acquisitions and setting up of foreign subsidiaries.

As part of the ‘Invest UP’ theme, UP investment promotion and micro, small and medium enterprises (MSME) minister Sidharth Nath