UP Govt inks over 154 defence deals worth Rs 250 Bn
DEFENSE

UP Govt inks over 154 defence deals worth Rs 250 Bn

According to a senior Uttar Pradesh government official, the state administration has finalised more than 150 defence manufacturing agreements amounting to Rs 250 billion. The government is focusing on expanding India's defence export capabilities. The Ministry of Defence announced that India's annual defence production reached nearly Rs 1.27 trillion in FY24, marking a 16.7% increase from the previous year's figure of about Rs 1.09 trillion.

These defence projects are part of the extensive UP Defence Industrial Corridor (UPDIC), encompassing Lucknow, Kanpur, Jhansi, Aligarh, Chitrakoot, and Agra districts. The official stated that these initiatives are expected to generate approximately 40,000 new jobs.

"We have entered into 154 memorandums of understanding (MoUs) with various companies, and around 85 deals are currently under evaluation," he mentioned. The Uttar Pradesh Expressway Industrial Development Authority (UPEIDA), serving as the corridor's nodal agency, continues to acquire large tracts of land for allocation to industrial entities. UPEIDA has acquired 1,700 hectares of land to date, with over 40 companies already allocated parcels.

"These 42 companies are poised to invest nearly Rs 80 billion in their respective projects, which will significantly contribute to Uttar Pradesh becoming a pivotal component in India's quest for self-reliance in defence production and boosting defence exports," the official elaborated.

According to a senior Uttar Pradesh government official, the state administration has finalised more than 150 defence manufacturing agreements amounting to Rs 250 billion. The government is focusing on expanding India's defence export capabilities. The Ministry of Defence announced that India's annual defence production reached nearly Rs 1.27 trillion in FY24, marking a 16.7% increase from the previous year's figure of about Rs 1.09 trillion. These defence projects are part of the extensive UP Defence Industrial Corridor (UPDIC), encompassing Lucknow, Kanpur, Jhansi, Aligarh, Chitrakoot, and Agra districts. The official stated that these initiatives are expected to generate approximately 40,000 new jobs. We have entered into 154 memorandums of understanding (MoUs) with various companies, and around 85 deals are currently under evaluation, he mentioned. The Uttar Pradesh Expressway Industrial Development Authority (UPEIDA), serving as the corridor's nodal agency, continues to acquire large tracts of land for allocation to industrial entities. UPEIDA has acquired 1,700 hectares of land to date, with over 40 companies already allocated parcels. These 42 companies are poised to invest nearly Rs 80 billion in their respective projects, which will significantly contribute to Uttar Pradesh becoming a pivotal component in India's quest for self-reliance in defence production and boosting defence exports, the official elaborated.

Next Story
Infrastructure Urban

Infrastructure Opportunity Outlook by IMPACCT.Info

India’s infrastructure pipeline is witnessing dynamic activity across stages — from immediate bidding to future planning. IMPACCT segments these into three categories: Immediate, 3–6 Month, and Future Opportunities, enabling businesses to identify, prepare, and participate in high-value tenders and projects across sectors...To read the full article Click Here..

Next Story
Real Estate

Serene Communities, Prathima Group Invest Rs 4 billion in Hyderabad

Serene Communities by Columbia Pacific, India’s largest senior living operator, has partnered with Prathima Group to develop two senior living projects in Hyderabad, marking its entry into Telangana. The collaboration represents an investment of Rs 4 billion, combining Serene’s international expertise with Prathima’s local development experience. The first project, Serene BILVANI One, launched in Shankarpally, is Hyderabad’s first premium senior living community. Designed for independent and active ageing, it features senior-friendly architecture, barrier-free design, and wellness..

Next Story
Infrastructure Urban

India remains our most important market

Foundamental, the world’s leading venture capital platform focused on the project economy, has launched its third fund to strengthen its presence in India, APAC, and other global markets. Led by Berlin-based Managing Partners Shubhankar Bhattacharya and Patric Hellermann, Fund III aims for a final close by the end of 2025. In an exclusive interaction with CW, Bhattacharya shares insights on the fund’s mandate, India’s role in their strategy, and the opportunities they see in the construction-tech and project-based sectors. Can you briefly explain Fund III’s mandate and how In..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?