LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » India News

UP defence corridor will boost preparedness: Sitharaman

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Updated: Thu, Feb 22, 2018
09:32 pm
PTI
RELATED NEWS
Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details
Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities
#GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here #GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here
India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global
RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21 RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21

Defence Minister Nirmala Sitharaman today said the proposed Rs 20,000-crore defence industrial corridor in Uttar Pradesh will boost preparedness of the armed forces and leverage the existing ordnance factories and PSU establishments in the state.

Addressing reporters on the sidelines of the UP Investors Summit 2018 here, Sitharaman said Indian soldiers deployed at the borders "do not get appropriate" arms and ammunition in time or they get "faulty arms", affecting their preparedness.

When the defence corridor begins operation, she said, it will cut the transportation time lost in importing them and boost the preparedness of the defence forces.

"We can test them (here), and supply them," she said.

The defence minister cited the example of Hindustan Aeronautics Limited (HAL), which manufactures aircraft. She said the HAL need not manufacture "small nuts and engines" as they are a Tier-1 company.

"They (should) take accessories used in manufacturing an aeroplane from different companies and assemble parts using higher-end technology," she said.

"Tier-1 companies are already in the state. In Kanpur, there are six ordnance factory units, which you can treat as comparable with HAL, but they are not in a position to do so," she said.

She said the government will "revive and activate" these units. "They will outsource more, so that private industrial units could take orders from them. In other words, there is an eco-system, but virtually negligible. These units are physically present, but not active," she said.

Asked whether there's a plan to revive the ordnance factories, Sitharaman said: "The larger interest is revival of all (the factories)." "Our team will go to each city, call smaller industrial units and brief them about the defence requirements. Based on those, it will ask them what could be manufactured by them. Our team will tell the units about the quality and also help them in getting the required technology," she said.

The ministry of defence will take steps to promote private investments, set up infrastructure for blast testing of arms and ammunition in the proposed corridor, she added.

 

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Economy
RELATED NEWS
Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details
Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities
#GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here #GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here
India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global
RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21 RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21

LATEST NEWS

Ethanol from sugar will lower dependency on Crude import, create jobs and improve earnings of farmers

AISSEE 2021: NTA released answer key for the exam at aissee.nta.nic.in; See where to download and all other details here!

CBSE Class 10, Class 12 date sheet revised—check new time table, instructions here

Indian Army conduct basketball, wushu competitions for youth in Jammu and Kashmir's Budgam

Greaves Cotton share price: Sharekhan maintains Buy rating with revised price target of Rs 170

Tottenham edge past Fulham thanks to Adarabioyo own goal

NEET 2021 exam: Check here the latest update on dates and all you need to know for registration before appearing in the test

Platform ticket price today: Railways hikes fares from Rs 10 to Rs 30 across network

ESIC Recruitment 2021 Notification: Apply online at esic.nic.in for 6552 vacancies to be filled for UDC and Stenographer Posts

Gurugram college students protest, demand online exam

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved