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UP government approved aerospace and defence policy

Published on January 24, 2025
Current Context: On 23rd January 2025, The Uttar Pradesh government has approved a new Aerospace and Defence Policy aimed at positioning the state as a leader in the sector.
UP government approved aerospace and defence policy
  • The policy, approved during a cabinet meeting chaired by Chief Minister Yogi Adityanath, sets an ambitious target of attracting ₹50,000 crore in investments and generating employment for 1 lakh youth.
  • Key highlights of the policy include:
    • Up to 80% subsidy on land for foreign firms investing in the state.
    • Significant incentives such as front-end subsidies for A&D units, land subsidies, stamp duty exemptions, and capital subsidies.
    • Promotion of research and innovation to enhance national security and economic prosperity.
    • Establishment of artificial intelligence and software development centers in the aerospace and defence sector.

Question:

1 What is the investment target set by the new Aerospace and Defence Policy?

  • A) ₹10,000 crore
  • B) ₹20,000 crore
  • C) ₹50,000 crore
  • D) ₹100,000 crore
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