Lucknow: Defense Minister Rajnath Singh said on Friday that the center worked on a sponsored scheme in a centrally where investment in two defense corridors, one in Tamil Nadu and the others would get incentives.
Speaking after the interaction with Yogi AdyityaAath minister and representatives of the defense manufacturing industry in Lucknow, Singh said that while the government paying attention to the potential of the private sector, he also understood the requirements and took all steps to ensure that the industry could ensure that the industry could ensure that the industry could ensure that industry Industry can dock in this country.
“We are sure that we will be able to develop a strong defense making ecosystem above.
For this, I have to credit CM Yogi Adityanath for the work he has done.
If this is the previous years, I will not see this shining on your face, “He said to industrial representatives, adding that CM has provided a conducive environment for strong investment and legal situations.
“If you tell CM something, there is no delay in implementation.
He will do anything that might happen.
To promote investment, the government has issued various sectoral policies and has signed 58 Mosa.
The defense corridor will bring the industrial revolution in the state, “Singh said.
The Lucknow MP added that for the first time, the center has provided a private industry in domestic defense manufacturing.
Since 2014, the Center has issued 350 licenses while the government has previously published around 200 licenses between 2004 and 2014.
To further strengthen the role of the private sector in the defense industry, the government brings policy provisions in the design and development sector.
The scheme is also made to encourage the industry to act as anchor.
“Foreign direct investment through direct routes is 74% while through the government, it is 100%.
This center has also made the provisions of Rs 1,000 Crore to make purchases under innovation for the scheme of defense excellence, floating to promote the discovery in the defense sector and in several In the coming month, this provision will increase.
Additional RS 500 Crore has been allocated to promote start-up, “said Minister.
Inviting investment in the upper defense corridor, Yogi talks about the incentives provided by the government, emphasizing the legal and order situation in the state and nivesh partners, a single window portal provided.
“Up promises the best security and if the private sector is interested in taking this offer, it can be a center for exports in the defense sector and help realize the dream of PM Narendra Modi from Atma Nirbhar Bharat.
I will ask the Defense Minister that if the center can implement a defense production policy, It will help increase investment in the corridor, “CM said.
Yogi said the Expo Defense organized by up was praised even by experts.
He said the investment destination was sought under the guidance of PM Narendra Modi and the state’s efforts to bring dividends.
CM highlights strong infrastructure developed in the last 4 years such as highways, international airports and corridors connectivity.