LUCKNOW: With the signing of two MoUs between the UP Expressways Industrial Development Authority (UPEIDA) and 20 companies on Tuesday, the fast developing Uttar Pradesh Defence Industrial Corridor (UPDIC) is attracting huge investment in the production field.
Giving this information to reporters here, chief executive officer, UPEIDA Awanish Awasthi stated that the two new MoUs, that were signed on Tuesday, would fetch an investment of Rs 75 crore in Aligarh and Lucknow nodes. Besides, a defence park would be established on 53 hectares in Aligarh as an investment of Rs 1,021 crores has been assured by entrepreneurs there, Awasthi, said, adding that for the speedy development of the UPDIC by the UPIEDA over 1,438-hectare land has been acquired for Aligarh, Jhansi, Kanpur and Chitrakoot nodes.
Awasthi further said that signing the MoUs at the UPEIDA headquarters here on Tuesday representatives of 20 companies expressed their willingness to invest Rs 1,021 crore in Aligarh. Out of the 20 companies, 12 have been allotted land for setting up units. These 12 companies have committed an investment of Rs 396 crore, he added.
Awasthi said that on Prime Minister Narendra Modi’s clarion call for self-reliance and with Chief Minister Yogi Adityanath’s efforts, UP is fast becoming a hub of defence production in the country.
Apart from the UPEIDA CEO, defence advisor Col KS Tyagi, ACEO Shrish Chand Verma and media consultant Durgesh Kumar Upadhyay were also present at the signing of the MoUs.