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Defence Minister Inaugurates India’s 2nd TN Defence Industrial Corridor
Defence Minister Inaugurates India’s 2nd TN Defence Industrial Corridor: Details, Significance, Highlights
Union Defence Minister Nirmala Sitharaman on 20th January 2019 inaugurated the Tamil Nadu Defence Industrial Corridor from Tiruchirappalli, which is significant in leveraging indigenous production of defence equipment.
The TN Defence Industrial Corridor is a mega corridor, which will link leading military manufacturing units in five cities of South India, including Chennai, Hosur, Coimbatore, Salem, and Tiruchirappalli. The project will require an investment worth Rs 3,000 crore.
The TN Defence Industrial Corridor is the second defence corridor being set up by the government to support various defence manufacturing units.
The TN Defence Industrial Corridor will help facilitate a well-planned and efficient industrial base that will lead to an increased defence production in the country.
The main aim behind setting up defence industrial corridors is to ensure connectivity among various defence industrial units.
Background
Union Finance Minister, Arun Jaitley, in his Budget speech on 2nd February 2018, had announced that two defence industrial production corridors will be set up in the country to promote domestic industry base.
The government had envisaged building corridors in Uttar Pradesh and Tamil Nadu.
