Source: Press Information Bureau
India topped the list of arms importer accounting for 13 % of the trade in weapons platform between 2012-2018, according to data released by the Stockholm International Peace Research Institute (SIPRI).
Finance Minister in the budget speech (2018-19) had announced setting up of two Defence Industrial Corridors in the country
In pursuance of the said announcement, it was decided to set up one of these Corridors in Uttar Pradesh and another in Tamil Nadu. Subsequently, six nodes have been identified for Uttar Pradesh Corridor and five for Tamil Nadu Corridor
About the Industrial Corridors
Presently the Government announced two Corridors in India they are;
- Tamil Nadu-It links five regional cities: Chennai, Hosur, Coimbatore, Salem, and Tiruchirappalli.
- Uttar Pradesh – India’s other defence industrial corridor is planned for the northern region of Bundelkhand, which lies between the states of Uttar Pradesh and Madhya Pradesh. This is intended to link cities including Agra, Allahabad, Lucknow, Kanpur, Jhansi, and Chitrakoot
Importance of the Corridor
- The setting up of Defence Corridor will facilitate the development of internationally competitive enterprises to manufacture and maintain all major defence ecosystem and platforms within the country in order to become strategically independent in defence manufacturing.
- The development of these corridors will not only help in accelerated growth and regional industry agglomeration, but will also facilitate a well-planned and efficient industrial base which will lead to increased defence production in the country and the region.
- This will also help the industry to integrate with the global supply chain of Defence manufacturing