DSIIDC to develop four industrial estates

November 27th, 2011 - 2:25 pm ICT by IANS  

New Delhi, Nov 27 (IANS) The Delhi State Industrial and Infrastructure Development Corp (DSIIDC) has earmarked Rs.268 crore for the development of four major industrial estates in the capital.

The four estates are in Okhla, Patparganj, Bawana and Narela. Of these, work has been awarded in Bawana and Narela.

The Municipal Corporation of Delhi (MCD) and Delhi Development Authority (DDA) are expected to transfer their respective industrial estates to DSIIDC within the next few months.

According to chairman and managing director Chetan Sanghi, it has been estimated that Rs.1,300 crore of initial infrastructure investment will be required over the next five years.

To begin with, an industrial development fund has been created with Rs.74 crore as seed capital.

In order to encourage non-polluting small and medium industries in Delhi, the DSIIDC is setting up a very large multi-level manufacturing hub in northwest Delhi which will be located on an area of 150 acres.

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