UP to give land rebate, cheap power for investments in defence corridor

The corridor will spread across six districts and create 2,50,000 jobs.

Uttar Pradesh will give 25 per cent rebate on land and discounts on electricity to get investments for a defence industries corridor planned across six districts and expected to create about 2,50,000 jobs, said a state minister.

Satish Mahana, industrial development minister, told Business Standard his government will update the Defence and Aerospace Policy 2018 to get companies to the UP Defence Corridor, where investments worth Rs 20,000 crore are planned. The state government has signed initial agreements worth Rs 4,000 crore with state-owned and private companies.

The government aims to acquire nearly 3,000 hectares in the initial phases for