Business

What is Defense Corridor? Know what will be the benefit of this

What is Defense Corridor? Know what will be the benefit of this

With the aim of reducing the dependence on foreign companies in the defense sector and increasing the production of defense materials in the country, the Central Government had announced a two-year Defense Corridor.

Defense Corridor

Prime Minister Narendra Modi will inaugurate the Defense Corridor in Aligarh today. With the aim of reducing the dependence on foreign companies in the defense sector and increasing the production of defense materials in the country, the Central Government had announced a two-year Defense Corridor. Its objective is to make the country self-reliant in the field of defense products and to promote Make in India.

What is Defense Corridor?

Defense corridor is a route, which includes many cities. Industry is developed in these cities for the manufacture of military goods, where many companies take part. Public sector, private sector and MSAE companies will participate in this corridor.

All those industrial institutions also participate in this corridor, which make army goods. After the corridor is built, items ranging from weapons to uniforms will be made here.

In the budget speech in 2018-19, the Finance Minister had announced the creation of two Defense Industrial Corridors in the country. Of these, the first is being built in five cities of Tamil Nadu and the second in six cities of Uttar Pradesh.

In Uttar Pradesh, there are plans to build defense corridors in Aligarh, Agra, Jhansi, Chitrakoot, Kanpur and Lucknow. The Defense Corridor that has been built in Aligarh is very important from the point of view of business. It has been prepared at a cost of 1500 crores.

What is the importance of Defense Corridor?

Defense Corridor is of great importance in the direction of becoming self-reliant in the field of defense production. Right now India is dependent on foreign countries to meet its needs in the defense sector. India imports weapons from other countries. Along with the production of international level defense products and weapons, due to these defense corridors, regional industries will develop and new employment opportunities will be created. Also, industries will be able to connect with the global supply chain for defense production.

These items will be made in the Defense Corridor

Bullet proof jackets, drones, fighter aircraft, helicopters, cannon and its shells, missiles, various types of guns etc. will be made in the Defense Corridor. The Defense Corridor will help in making the country self-reliant in the field of defense production and promote Make in India.

read this also-

Last chance to invest! SBI’s special fixed deposit scheme is closing today, getting more interest

Start business by joining railways, earn big money in less money

.

realistic reality mobile new

What's your reaction?

Excited
0
Happy
0
In Love
0
Not Sure
0
Silly
0
Shehnaz Ali
Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing about Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.

You may also like

Leave a reply

Your email address will not be published. Required fields are marked *

More in:Business