The Government-run state infra and Development Corporation of Uttarakhand Ltd (SIDCUL), is planning to infuse Rs 400 cr in Sitarganj to develop the infra facilities. SIDCUL had also help the state Government   in developing Pantnagar and Haridwar

The construction work at Sitarganj will commence soon which will be the main attraction for the entrepreneurs to start their new units, said an official.

All the things including roads, streetlights, or things concerning the Sitarganj estate will be covered, added Baguali, the additional secretary of the state.

In the month of April, the state govt had initated the process of giving industrial plots at SIDCUL-ll ubder the huge industrial policy which was to entail an investment of Rs 75 cr.  A  50pc rebate on the stamp fees, one pc in CST offered y the state govt. Till this date corporates like DS Group, CHD Developers, and Ural India group arround 500-550 acres of land calling for Rs 1,400 cr investment in the area.

SIDCUL has big things to worry as the industrial scenario in the country is bad due to the constant rupee depreciation due to which corporate houses are going away from infusing money.

For developing the infra in the state, the board has hired three consultants-Engineers Project India Lts, ), National Buildings Construction Corporation Ltd, and and Uttar Pradesh Rajkiya Nirman Nigam ltd.

With CM Vijay Bahuguna’s total focus shifting to the rebuilding and rehabilitation in the havoc affected state, the industrialisation has suffered a lot.