From just Rs10 crore in 2008-2009, the profits of Delhi State Industrial Infrastructure Development Corporation (DSIIDC) reached Rs44 crore in 2009-2010 and jumped to a staggering Rs108 crore in 2010-2011, the highest ever in DSIIDC’s history. With construction of several prestigious projects under its belt now, the corporation expects its profits to cross Rs200 crore in 2011-2012. DSIIDC’s chairman and managing director Chetan B Sanghi, spoke to HT’s Atul Mathur. Excerpts
DSIIDC’s prime role is to develop industries in Delhi. What efforts are being made to achieve this aim?
Bawana and Bhorgarh in outer Delhi are all set to turn into industrial hubs. We have provided 12,000 industrial plots in Bawana and another 4,350 in Bhorgarh. Construction is on in full swing in Bawana and you will see massive industrial activities there in next two years. Some plots on which the owners are yet to begin construction will be reallotted. We will soon initiate the work to develop a knowledge-based industrial park at Baprola at a cost of Rs1,200 crore and a manufacturing hub at Rani Khera at an estimated cost of Rs2,000 crore. Some projects worth several crore are also in the pipeline.
Under the new Industrial maintenance law, DSIIDC was supposed to improve infrastructure and maintain the Capital’s industrial areas. Have you been able to make any headway?
The DSIIDC will maintain four industrial estates in Delhi— Bawana, Narela, Okhla and Patparganj—on public-private partnership (PPP) basis. We have already signed contracts for Bawana and Narela to maintain these two industrial areas at a cost of Rs27 crore a year for the next 15 years. There are 28 industrial estates being maintained by the MCD right now and their lease management is with the DDA. The DDA has agreed to transfer the lease management to us. However, the MCD is yet to hand over the maintenance of these industrial areas to us. We hope the matter will be sorted out soon.
We will spend Rs1500 crore on infrastructural development of MCD’s industrial estates in the next 5 years. We will also initiate work on redevelopment of 22 unplanned industrial areas such as Mundka, Mandawali, Rithala and Shahdara under the master plan on self financing basis for almost Rs2,000 crore.
The government has announced that the allotment of flats to economically weaker section will start in September or October. Are these flats ready?
We have already constructed about 15,000 houses for EWS in Bawana, Bhorgarh, Bapraula and Narela and another 27,000 will be constructed in Pooth Khurd and Tikri. The flats that the government will start allotting to the EWS this year are ready.