iStockMega parks and manufacturing clusters for small industries and sops for defence corridors in Uttar Pradesh and Tamil Nadu may be some of the initiatives to be announced in the forthcoming budget. Top officials said the government was keen to offer financial and tax incentives to promote the proposed mega parks and manufacturing clusters for the micro, small and medium-scale industry. Two states — Tamil Nadu and Uttar Pradesh — have announced defence manufacturing corridors but these are yet to take off. Much of India’s defence manufacturing is in the public sector with a large part of it concentrated in eastern India. According to sources, manufacturing could begin by the end of this financial year once the deal id signed with the Russians.

Source: The Telegraph January 20, 2019 18:42 UTC