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

The project, he said, would bring an "investment of Rs 20,000 crore and generate employment avenues for 2.5 lakh people".

IANS
Lucknow, Publish Date: Feb 22 2018 12:23AM | Updated Date: Feb 22 2018 12:23AM
PM announces Rs 20,000-cr defence industrial corridor in BundelkhandFile Photo

Prime Minister Narendra Modi on Wednesday announced that his government will establish a Rs 20,000-crore defence industrial production corridor in Bundelkhand -- a region divided between Uttar Pradesh and Madhya Pradesh -- that will generate 250,000 jobs and bring development to one of the most impoverished regions of the country.

"I am making an important announcement. In this year's budget, we had announced that we will establish two defence industrial production corridors. One of them will be in Bundelkhand," Modi said addressing the inaugural session of the two-day Uttar Pradesh 'Investors Meet' at the Indira Gandhi Pratishthan in Lucknow. 

The government had earlier announced that it would develop two such corridors. The first of the two, announced by Finance Minister Arun Jaitley in his budget speech, is being built between Chennai and Bengaluru - connecting Kattupalli port, Chennai, 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 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. 

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