Policy and Investment Initiatives
In a bold move to position itself as a global leader in aerospace and defence, the Uttar Pradesh (UP) government has approved a new Aerospace and Defence Policy. This policy targets Rs 50,000 crore in investments and aims to create 1 lakh jobs in the sector. The initiative reflects the state’s ambition to tap into the growing global aerospace and defense markets by encouraging startups and attracting foreign investments.
The policy offers subsidies and incentives for businesses involved in defense manufacturing, research, and development. These initiatives are designed to create a robust aerospace and defense ecosystem, contributing to India’s defense self-reliance and advancing the nation’s technological innovation in critical sectors. Uttar Pradesh’s push to be a hub for aerospace and defense is a significant step in India’s broader effort to strengthen its defense capabilities and foster indigenous innovation.