PM announces Rs 20,000-cr defence industrial corridor in Bundelkhand

The government had earlier announced that it would develop two such corridors. The first of the two, announced by Fince Minister Arun Jaitley in his budget speech, is being built between Cheni and Bengaluru - connecting Kattupalli port, Cheni, Tiruchi, Coimbatore and Hosur. The project, he said, would bring an “investment of Rs 20,000 crore and generate employment avenues for 2.5 lakh people”.

The Prime Minister said the decision to come with the defence production corridor to Uttar Pradesh was taken keeping in mind the developmental requirements of Bundelkhand region. The corridor will link Agra, Aligarh, Lucknow, Kanpur, Jhansi and Chitrakoot.

Modi said Uttar Pradesh had a vast potential for development but needed policy, planning , performance. He lauded the efforts of Chief Minister Yogi Adityath for setting the state on the path to give a “super hit” performance.

Modi said the Centrally-sponsored Prime Ministerial Kisan Property scheme will reduce crop-grain-fruits and waste of vegetables as the government was also keen on modernizing the entire supply chain and infrastructure for the agri and allied sectors to help in doubling the farmers income by 2022.

Modi suggested that local manufacturing units for chips and similar products could minimize the losses inflicted on farmers due to lack of storage and transport facilities. 

The investors event organised by the Yogi Adityath government is aimed to showcase the investment opportunities in the state. Corporate honchos are attending the summit.

Modi also praised the Uttar Pradesh government for curbing red tape and rolling out the red carpet for investors and taking decisions that have linked industrial development with employment generation. (IANS)