TIRUCHIRAPPALLI (TN): In a major move to boost indigenisation of defence manufacturing, Defence Minister Nirmala Sitharaman on Sunday launched a mega corridor to link leading military manufacturing units in five cities in South India, which entails an investment to the tune of over Rs 3,000 crore.
The project, christened the Tamil Nadu Defence Industrial Corridor, will link Chennai, Hosur, Coimbatore, Salem and Tiruchirappalli.
It is the second defence corridor being set up by the Government to support various defence manufacturing units. The first one is being established in Uttar Pradesh.
Total investments worth over Rs 3,038 crore in this defence corridor were announced during the launch. A majority of the investments would come from public sector undertakings with Ordnance Factory Board, Bharat Electronics Limited and Bharat Dynamics Limited committing to invest Rs 2,305 crore, Rs 140.5 crore and Rs 150 crore, respectively.
Private companies TVS, Data Patterns and Alpha Designs would make investments of Rs 50 crore, Rs 75 crore and Rs 100 crore, respectively. (AGENCIES)
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