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Work to commence soon on defence innovation hub

Monday, 24 Feb 2020

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The construction work on Codissia Defence Innovation and Atal Incubation Centre in Tamil Nadu is expected to commence between May to June 2020. The Central government had already approved the detailed project report (DPR) for the defence hub.

The projected cost of the centre is Rs 45 crore. Codissia and the Atal Incubation Mission will invest Rs 10 crore each in the centre which will come up at the Codissia Industrial Park near Coimbatore. Codissia will also invest another Rs five crore for land and building.

The Centre is expected to transfer Rs 2.34 crore for the project. Another Rs five crore will likely be available with Codissia when the project work begins.