UP Defence Corridor set to realise Rs 50,000 cr investment potential

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

The Uttar Pradesh Defence Corridor is on track to realise its estimated investment potential of Rs 50,000 crore, former Air Chief Marshal R K S Bhadauria has said.

Bhadauria, who is now the Chief Nodal Officer of the UP Defence Industrial Corridor, said the state government has taken a slew of policy measures to actualise the potential of the mega project of national importance.

He said memoranda of understanding (MoU) for investment worth nearly Rs 12,000 crore had already been signed with private companies and institutional entities.

“Apart from the MoUs already signed, fruitful discussions are underway with other companies