German military hardware major Rheinmetall to invest in UP Defence Corridor

Описание: German military and security hardware/technology major Rheinmetall is looking to invest in the Uttar Pradesh Defence Corridor, for which memorandums of understanding (MoU) with 23 private companies entailing investment of Rs 50,000 crore have been signed so far.
Rheinmetall Group is Europe’s foremost supplier of defence and security ware, and is a partner of the armed forces of Germany and its NATO allies.
According to the state government, Rheinmetall officials reaffirmed interest in the Defence Corridor and said the company would consider the proposed sectors of investment discussed in the virtual conference.
The Defence Corridor is among the flagship projects of the Adityanath government apart from Purvanchal Expressway, Bundelkhand Expressway, Gorakhpur Link Expressway and Ganga Expressway.
On February 5, 2020, Prime Minister Narendra Modi had inaugurated India’s largest ever Defence Expo 2020 in Lucknow and set the target of defence export worth $5 billion.