The UP government on Friday facilitated setting up a defence manufacturing unit to manufacture “BrahMos” in the Lucknow node of the defence corridor by passing a proposal to allot 80 hectares of land for a token Re 1 annual lease rent.
The unit will be set up in the Sarojininagar area of Lucknow. The UP cabinet will allow easy allotment of land to two projects which will be setting up facilities in UP’s upcoming defence corridor. One unit will manufacture BrahMos and the other unit will manufacture propulsion systems used in Akash missiles.
Under the amended defence policy, Bharat Dynamics Ltd is being given a 25% concession in the price of land and allotment of 183-hectare land at a token annual lease rent of Re 1.
DRDO will be investing Rs 9300 crore in this project over the next 5-7 years. It will give employment to about 500 engineers and technical staff adjunct to generating 1500 indirect jobs. Like other units eligible for the policy, both companies will also get a 100% concession in stamp duty.
