Prime Minister Narendra Modi on Wednesday announced that his government will establish a Rs 20,000-crore defence industrial production corridor in Bundelkhand -- a region divided between Uttar Pradesh and Madhya Pradesh -- that will generate 250,000 jobs and bring development to one of the most impoverished regions of the country. "I am making an important announcement. In this year's budget, we had announced that we will establish two defence industrial production corridors. One of them will be in Bundelkhand," Modi said addressing the inaugural session of the two-day Uttar Pradesh 'Investors Meet' at the Indira Gandhi Pratishthan in Lucknow. The government had earlier announced that it would develop two such corridors. The first of the two, announced by Finance Minister Arun Jaitley in his budget speech, is being built between Chennai and Bengaluru - connecting Kattupalli port, Chennai, Tiruchi, Coimbatore and Hosur.

Prime Minister Narendra Modi on Wednesday announced that his government will establish a Rs 20,000-crore defence industrial production corridor in Bundelkhand -- a region divided between Uttar Pradesh and Madhya Pradesh -- that will generate 250,000 jobs and bring development to one of the most impoverished regions of the country. "I am making an important announcement. In this year's budget, we had announced that we will establish two defence industrial production corridors. One of them will be in Bundelkhand," Modi said addressing the inaugural session of the two-day Uttar Pradesh 'Investors Meet' at the Indira Gandhi Pratishthan in Lucknow. The government had earlier announced that it would develop two such corridors. The first of the two, announced by Finance Minister Arun Jaitley in his budget speech, is being built between Chennai and Bengaluru - connecting Kattupalli port, Chennai, Tiruchi, Coimbatore and Hosur.