As DefExpo 2020 Ends, Uttar Pradesh Government Signs 23 MoUs Worth More Than Rs 50,000 Crore

In a roaring success for the eleventh edition of the DefExpo which was inaugurated by Prime Minister (PM) Narendra Modi in Lucknow a few days ago, the massive exhibition has led to signing of 23 MoUs worth over Rs 50,000 crore with the Government of Uttar Pradesh (UP) alone, reports Financial Express.

Apart from the list of MoUs having been signed to turn the state of UP into a powerhouse in the domain of domestic defence and related production, the DefExpo 2020 witnessed signing of overall 71 MoUs, as many as 13 product launches, 18 transfer of technology and six major announcements which along with the MoUs signed took the total number of agreements undertaken to more than 200.

Welcoming the entrepreneurs and industry giants alike to set up bases in the state and to propel domestic manufacturing of defence products of all kinds for the nation, Chief Minister (CM) Yogi Adityanath shared that the land banks in the Aligarh and Jhansi nodes of the UP Defence Corridor had already been fully booked, and that the Government has made land available in the other four nodes of Agra, Chitrakoot, Kanpur, and Lucknow.

It should be noted that of all the MoUs signed with the state government are likely to generate as many as three lakh job opportunities in the State.