AURIC, Marathwada soon to have defence mfg zone: Minister

Nearly a dozen industrialists have shown interest in investing in the defence manufacturing zone that will soon come in the Marathwada region, state industries minister Subhash Desai said here Thursday.

“A defence manufacturing zone will soon come up in Marathwada and about 10 reputed industrialists have approached the state requesting to give the projects a fillip,” Desai said, speaking at the inauguration of the state’s largest food processing park at Paithan near here.

The minister added that the defence manufacturing zones are a “win-win” for both farmers and the industry.

The state government is eyeing investments of over USD 2 billion in the defence and aerospace sectors over the next five years which will create 1 lakh jobs. It launched a dedicated defence and aerospace production policy in February eyeing the same.

This post is unedited from PTI feed