Indian and foreign defence equipment manufacturers made proposals for huge investments in UP. The proposals were made in Defence Industrial Corridor meeting held recently. UP CM Yogi Adityanath and Defence Minister Niramala Sitharaman were present at the meeting

UP attracts mega investment in defence industrial corridor. UP CM Yogi Adityanath said that the investment will help transform the image of the state

Uttar Pradesh has received investment proposals worth Rs 3732 crore in Defence Industrial Corridor meeting held recently.

UP Chief Minister Yogi Adityanath, who was present in the meeting in Aligarh, made the announcement. Union Defence Minister Nirmala Sitharaman, who was also present at the meeting, said that UP has transformed a lot in past 16 months and now, the state has become prime destination for investors.

UP CM said that very soon, Lucknow, Kanpur, Agra, Aligarh, Chitrakoot will have a Defence Industrial Corridor passing through them and it will completely change the image of Uttar Pradesh.

He said that his government has already announced the Defence and Aerospace Policy 2018 and has implemented a single window system for the investors. Now his government is planning to hold an aerospace show in UP.

Sitharaman attempted to clear investors' doubts. She said that the armed forces will post their requirements and once an industrial unit does the production according to specifications the forces will purchase these products after testing.

She said that Hindustan Aeronautics Limited (HAL) has offered to invest Rs 1200 crores in UP. Similarly other defence equipment manufacturers MKU and BEL will make investments worth Rs 900 crore and Rs 240 crore respectively.

Bharat Forge and PTC will be investing Rs 200 crores and 115 crores respectively.

The Congress said that UP government should focus on existing industries first.

"Uttar Pradesh is in worse state than before. Since the Modi government has assumed power in the Centre and the Yogi government in state, businesses have suffered greatly. The businesses which were running, have now shut down. In such conditions, asking for investments from companies, both domestic and foreign will be foolhardy and will only earn a bad name for India and UP," said Haji Jameeluddin, president of Congress' Agra unit.