Delhi State Industrial and Infrastructure Development Corporation (DSIIDC) will redevelop 22 unplanned industrial areas in different parts of the city.
“Libaspur, Madawali, Shahdara, Naresh Park, Rithala, Hasthsal and Swaran Park are some industrial pockets that will be developed under this scheme,” DSIIDC chairman and managing director Chetan Sanghi said.
The total cost of the project is estimated at approximately Rs 2,000 crore.
Individual industrial pockets will bear the cost of development by generating funds from its members, he added.
The Delhi State Industrial and Infrastructure Development Corporation (DSIIDC) has already signed a Memorandum of Understanding (MOU) with the Mundka Industrial Area Welfare Society.
Agreements with other welfare societies will soon be signed, senior DSIIDC officials said.
"This redevelopment is being done under the provisions of Delhi Masterplan 2021. There is 70 per cent industrial activity in Mundka,” Sanghi said.
“The area has 'kuccha' roads with no civic amenities like water supply, sewerage and stormwater drains. We will take care of everything," he added.
The DSIIDC will also take over 29 industrial estates from the the Municipal Corporation of Delhi (MCD) and Delhi Development Authority (DDA) under the new Industrial Maintenance Law.
This work will start in six months.
Meanwhile, Sanghi said the DSIIDC is also ready to distribute another 10,000 houses to the poor under the Jawahar Lal Nehru National Urban Renewal Mission scheme.
Senior DSIIDC officials said another 4,000 houses were under construction and would be ready in six months.