Investor summit: UP govt to push defence manufacturing, eyes Rs 50k-cr MoUs

India is to spend $250 billion on defence wares over the next decade

At a time when the Narendra Modi government at the Centre is espousing the cause of greater defence indigenisation under its ‘Make in India’ programme, the Yogi Adityanath-led dispensation in Uttar Pradesh is also gearing up to showcase the state as an ideal destination for domestic defence manufacturing.

India is projected to invest $250 billion in defence procurement over the next decade. Prime Minister Narendra Modi wants India to shed the tag of the world’s largest importer of arms by encouraging foreign firms to collaborate with Indian players and manufacture defence wares in the country itself, with a related policy already