(ET)
Uttar Pradesh is rolling out the red carpet for companies wishing to set up big defence and aerospace units in the ‘Defence Industrial Corridor’ in the state, which was recently announced by Prime Minister Narendra Modi, by way of reimbursing 25% cost of land for the project and host of other benefits.
UP is notifying nearly 3,000 hectare of land between six nodes in the Bundelkhand region after PM announced the Rs 20,000 crore worth of defence corridor at the Investors Summit in Lucknow this February. A draft policy of UP, which was reviewed by ET and is expected to be notified soon, goes beyond existing concessions for new industries notified just last year and hence goes the extra mile to woo companies wishing to set up manufacturing and production units in the proposed defence corridor passing through Aligarh, Agra, Jhansi, Chitrakoot, Kanpur and Lucknow.
