DSIIDC to revamp industrial areas

Delhi State Industrial and Infrastructure Develop-ment Corporation Limited (DSIIDC) has achieved the highest ever profit during the last financial year.

Delhi State Industrial and Infrastructure Develop-ment Corporation Limited (DSIIDC) has achieved the highest ever profit during the last financial year.

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During the period, it registered profit of Rs 108 crore against Rs 44 crore during the previous fiscal. The record financial growth has come to DSIIDC coupled with new responsibilities.

The lease administration and maintenance of most of the industrial estates presently with Delhi Development Authority (DDA) and Municipal Corpo-ration of Delhi (MCD), respectively, will soon be handed over to the corporation. This will reduce the multiplicity of authority in industrial areas.

To begin with, DSIIDC has already identified industrial areas at Narela, Bawana, Patparganj and Okhla as pilots for upgrading and managing the estates under a build-operate-and-transfer (BOT) concession to a private partner for 15 years, said sources.

According to DSIIDC, the year 2010-11 was a year replete with the initiation of many steps that would play a pivotal role in changing the industrial landscape of Delhi.

"With government backing, now the stage is set for two to three years of focused growth," said Chetan Sanghi, chairman and managing director, DSIIDC.

With an aim to make Delhi a hub of clean, high-technology and skilled economic activities by 2021, the government has formulated the new industrial policy after nearing three decades. The new policy envisages the development of hi-tech, sophisticated, knowledge-based, service sector-based and IT and ITES type of industries in Delhi, said officials.