Delhi Government has decided to improve infrastructure in 22 industrial areas across the city at a total investment of nearly Rs 2,000 crore.
Premier infrastructure development agency DSIIDC will undertake the project as part of the government's broad initiative to enhance industrial growth in the city.
"The redevelopment work in the unplanned industrial areas is being undertaken on the directions of the government," said Chairman and Managing Director of DSIIDC Chetan Sanghi.
He said the total cost of the project will be approximately Rs 2,000 crore. The fund will be collected from existing industrial units in these areas as a "self-financing" model will be followed to execute the project.
Sanghi said to begin with, the DSIIDC has signed an MoU with Mundka Industrial Area Welfare Society to improve the infrastructure there. Sanghi said 400 acres of area will be developed in Mundka industrial area as per provisions of the Master Plan of Delhi.
Other areas selected by the agency include Libaspur, Madavli, Shahdra, Naresh Park, Rithala, Hasthal, Swaran Park.
According to Sanghi the area at present has 'kuccha' roads with no civic amenities like water supply, sewerage etc.
Sanghi said cost of the redevelopment will be borne by the Industrial Area welfare society which will generate the funds from the existing industries.
Delhi Assembly in March this year passed a legislation to hand over maintenance of all 29 industrial estates to DSIIDC after finding that multiplicity of authorities was creating hurdles in infrastructure development.
Some of the industrial estates were looked after by MCD while others were managed by Delhi Development Authority. Sanghi said infrastructure development work in industrial estates will begin in six months' time.
He also said the agency will develop 700 acres of land in Khanjawala area for setting up knowledge-based industries.