UP government approved aerospace and defence policy

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.

• 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

Answer: C) The policy aims to attract ₹50,000 crore in investments.