Defence corridor nets Rs 11,250-crore projects in Uttar Pradesh

The state government has tied up with leading commercial banks and financial institutions to promote the easy flow of funds to prospective investors

The Uttar Pradesh government has bagged 93 investment proposals worth more than Rs 11,250 crore for the flagship defence corridor project.

The nodal agency, the UP Expressway Industrial Development Authority (UPEIDA), has signed memorandums of understanding (MoUs) with these private companies. The process of attracting more defence industry firms is underway.

While the government has so far acquired 1,600 hectares, about 30 companies have been allocated land for setting up their plants as part of the corridor. The UP Defence Corridor, which constitutes a vital cog in the country’s defence and strategic matrix, spans six nodes in the state — Lucknow, Kanpur,