Rs 3,100 crore to be invested in five TN cities

Chennai | Sunday | 20th January, 2019

Summary:

Bureaucrats in the state should be proactively carry forward the initiative so that the state would reap the benefits,” Sitharaman said in the meeting.Earlier, the defence minister inaugurated the country’s first incubation centre named as CODISSIA Defence Innovation and Incubation Centre in Coimbatore. TRICHY: Defence public sector undertakings (DPSU) and private defence products manufacturers on Sunday announced that they would invest over Rs 3,100 crore targeting the five nodal cities for the Tamil Nadu Defence Industrial Corridor – Chennai, Trichy , Coimbatore, Salem and Hosur Chaired by defence minister Nirmala Sitharaman, the event for launching projects in the defence corridor and announcing investments saw Ordnance Factory Trichy (OFT) releasing indigenously developed Trichy Assault Rifle (TAR) to Border Security Force.Similarly, a model of Arjun Mark-1A battle tank developed by Defence Research and Development Organisation (DRDO) was also launched in the event.As many as six defence products, including wing assembly for LCA Tejas, Electro-Optic pods to locate targets and a military vehicle manufactured by Ashok Leyland, were launched.“We request Tamil Nadu government to form defence clusters in nodal cities for attracting investments in the defence corridor..