NEW DELHI (PTI): Defence Minister Rajnath Singh on Tuesday reviewed implementation of the two defence industrial corridors which aim to boost military production.
In his 2018 budget speech, the then Finance Minister Arun Jaitley had proposed setting up of the two corridors.
The first corridor will link Chennai with a number of industrial clusters including Hosur, Salem, Coimbatore and Tiruchirappalli. The second corridor is being set up in Uttar Pradesh.
In a meeting, a presentation was made before Singh highlighting various aspects of the two corridors, officials said.
"During the meeting, the Defence Minister directed the officials to speed up the process of setting up the corridors," the Defence Ministry said in a release.
"It was also suggested to hire resource persons as the defence sector is highly complex. It was also discussed that for investments to materialise in the defence corridors, assured order for defence items was the primary driving force," it said.
Top officials of the defence ministry were present in the meeting.
Defence Minister reviews work on defence corridors
Other Related News
British PM lays out 'generational' plan to hike UK's defence spending
Prime Minister Rishi Sunak has announced what he has characterised as the “biggest strengthening of Britain's national defence in a generation” to meet the challenge of an increasingly dangerous world and pledged to grow the country's defence budget to 2.5 per cent of GDP by 2030 – amounting to an additional GBP 75 billion in funding over the next six years.
The Indian Air Force, in its flight trials evaluation report submitted before the Defence Ministry l..
view articleAn insight into the Medium Multi-Role Combat Aircraft competition...
view articleSky enthusiasts can now spot the International Space Station (ISS) commanded by Indian-American astr..
view article