The corridor will be formally launched on January 20 with three main events taking place on that day, said Dr Ajay Kumar, Secretary Defence Production. They include the announcement of new investments by Defence PSUs, the private sector, launch of new defence products and the defence innovation hub in Coimbatore.
The government will provide a maximum support of Rs 20 crore to the facility which will be setup by CODISSIA, which according to Kumar has a business of Rs 50,000 crore to Rs 60,000 crore in defence production in Coimbatore.