Defence Corridor: Aligarh node in UP becomes favourite destination of investors
Among six nodes of the Defence Corridor project of the Uttar Pradesh government, the Aligarh node has emerged as the favourite destination for industrialists to set up their units as all land earmarked for the project has been allotted to investors.
The other five nodes are Agra, Jhansi, Chitrakoot, Kanpur and Lucknow.
Now, the UP Expressways Industrial Development Authority (UPEIDA) has asked the state government to allot 30 acres more land for the Aligarh node of the Defence Corridor project.
The UPEIDA is the nodal agency of the state government for executing the project.
The entire 55.401 hectares land earmarked for the Aligarh node has already been allotted to 19 companies who will invest ₹1245.75 crore.
“Entire land in Aligarh node has been allotted to 19 companies. All land in this node is sold out,” said Durgesh Upadhyay, media advisor, state government, UPEIDA.
According the UPEIDA, more investors want land in the Aligarh node. Around 25 acres in this node will be used by the UPEIDA for developing public utilities.
“We have asked the state government to allot 30 acres more land in the Aligarh node as more investors have expressed desire to set up their units here,” added Upadhyay.
According to experts, investors prefer Aligarh node of the Defence Corridor due to its proximity to the national capital, New Delhi, and the national capital region (NCR).
“The Aligarh node provides easy connectivity by road from New Delhi and the NCR. From Indira Gandhi International Airport in New Delhi and the upcoming Noida International Airport, one can easily come down to Aligarh by road,” said an official of the UPEIDA.
This is the reason why Aligarh node has become the most favoured destination for investors in the Defence Corridor, he added.
The Defence Corridor would come up in Bundelkhand region and is expected to generate more than one lakh jobs.
On February 21, 2018, PM Narendra Modi had announced ₹20,000 crore Defence Industrial Corridor in Bundelkhand region which is considered as one of the most backward regions in the state.
The companies that bought land in Aligarh node
Allen & Alvan Pvt Ltd - Drones
Nitya Creations India – Precision Components
PBM Insulations Pvt Ltd - Insulated Mats
M/s Jai Sai Anu Overseas Pvt Ltd – Precision Components
Deep Explo Equipment Pvt Ltd – Metallic parts for grenades and explosives
Kobra Industries - Defence packaging
Shridha Udyog - Parts for aerospace sector
M/s Precision Products – Precision componnets
Werywin Defence Pvt Ltd - Small arms
Advance Fire and Safety – Fire Safety Equipment
Navraj Metal Works – Tungsten Rods
Ancor Research Labs LLP – Drones
P2 Logitech Pvt Ltd –Optical Sights
New Space Research & Technologies Pvt Ltd – UAVs
Crimson Energy Experts Pvt Ltd – Navigational Devices
Tractrix Opto Dynamics LLP – Precision and Optical Instruments
Syndicate Innovations International Ltd – Small arms ammunition
Royal Sales Pvt Ltd – Precision components
Milkor Defence Pvt Ltd – Defence Weapon Manufacturing