New Delhi, 24 June 2005
The Uttaranchal government has decided to develop the Sitarganj industrial estate in the state with private sector participation.
The project to be developed on a “Swiss Challenge Approach” basis, will have an anchor developer to undertake the entire development and management and will provide all basic infrastructure facilities and amenities in line with the best known industrial estates.
The State Industrial Development Corporation of Uttaranchal Ltd (SIDCUL), the nodal industrial development agency of the state government, had so far received 10 expressions of interest for estate development, according to a state government official.
The Sitarganj Integrated Industrial Estate, with a total area of about 1,200 acres, will be the state’s third such industrial estate after the BHEL industrial estate in Haridwar and the one at Pant Nagar.
About 65 per cent of the land in the industrial estate would be allocated for sectors like processed and packaged food, plastic commodities and components, paper products and packaging, pharma and personal care products.
The remaining 35 per cent of the industrial estates had been reserved for projects in the biotechnolgy and bio-information technology parks. The industrial estate would be a hot favourite among industries, since it was the only upcoming industrial estate in the National Capital Region (NCR), the official said.
The industrial estate would also have good connectivity to major towns in the state like Rudrapur, Haldwani, Mordabad, Rampur, Kashipur and across states to Uttar Pradesh, Delhi, Haryana and Himachal Pradesh.
The state government also plans to upgrade the nearest airport at Pant Nagar, only 50 kilometre from Sitarganj.
Uttaranchal has become a hot destination of investment during the last one-and-half-year beacause of the fiscal incentives for investors offered both by the Centre and the state government.
Units in Uttaranchal can avail benefits like 100 per cent exemption in excise duty and income tax and capital investment subsidy at 10 per cent and central transport subsidy.
News Source: http://www.business-standard.com
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till when is the subsidy available and also the exemption on duties…