LUCKNOW: The Society of Indian
Defence
Manufactures (SIDM), in partnership with
Confederation of Indian Industry
, launched its first state chapter for defence in
Uttar Pradesh. The organisation is expected to work at fostering collaboration among the state, industry bodies and private players in the defence sector, crucial for UP in light of the upcoming defence corridor.
More than 200 participants attended the event, including Larsen & Toubro,
Mahindra Group
, PTC Industries and MKU.
Additional chief secretary, home,
Awanish Awasthi
, who was also the chief guest, highlighted the key aspects of the UP Defence Industrial Corridor. Talking about the policies offered by the government, Awasthi said that 39 hectares land has already been allotted to 16 companies in
Aligarh
and Kanpur where they have proposed an investment of Rs 957 crore. On Friday, he said, land registry for eight of these 16 companies was completed. These included Allen & Alvan, Nitya Creations, Deep Explo, Advanced Fire & Safety, PBM Insulation, Werywin Defence, Shrida Udyog and Kungarmour Pvt Ltd.
Sachin Agarwal, who was appointed chairperson of SIDM UP Chapter, said that the organisation would not only create awareness about the nature and size of the business opportunities in the defence sector but will also educate local industries about various central and state policies and schemes for defence and aerospace manufacturing.
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