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Tamil Nadu Get’s India’s First Defence Production Corridor
Defence Minister Nirmala Sitharaman speaks during an event at the Defence Research and Development Organisation in New Delhi. (MONEY SHARMA/AFP/GettyImages)
Hours after Finance Minister Arun Jaitley announced in the Union Budget 2018-19 that the government will set up two defence industrial production corridors, Defence Minister Nirmala Sitharaman has announced that the first corridor will be set up between Chennai and Bengaluru.
The government has opened the doors for private investment in defence production including allowing foreign direct investment (FDI).
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