State Infrastructure and Industrial Development Corporation of Uttarakhand Limited

State Infrastructure and Industrial Development Corporation of Uttarakhand Limited
Founded2002
Headquarters
Dehradun
,
India
Area served
Uttarakhand
OwnerGovernment of Uttarakhand
Websitesiidcul.com

The State Infrastructure and Industrial Development Corporation of Uttarakhand Limited (SIIDCUL) is a government of Uttarakhand enterprise[1] which promotes industries and develops industrial infrastructure in the State. It also provides tax incentives for companies establishing plants on its industrial estates presently at Haridwar, Pantnagar, Kotdwar, Kashipur, and Sitarganj.[2][3]

History

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SIIDCUL was incorporated as a Limited Company in the year 2002 with an authorised share capital of ₹50 crores and ₹20 crores paid up capital through the Government of Uttarakhand in order to promote industrial development and develop an industrial infrastructure.

Besides the State Government, SIIDCUL has equity participation from the Union Bank of India, the OBC and SIDBI. Other banks are also in the process of participating in its equity. This has led to more than a thousand EOI’s with SIDCUL, which entail an investment of around ₹20,000 crores.[citation needed]

Note: Earlier State Infrastructure and Industrial Development Corporation of Uttarakhand Limited (SIIDCUL) was State Industrial Development Corporation of Uttarakhand Limited (SIDCUL)[4]

Infrastructure developed by SIIDCUL

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References

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  1. ^ "The 2 billion dollar boom town". Rediff.com. 16 December 2006. Retrieved 24 October 2010.
  2. ^ "Hindustan Zinc to set up unit in Uttarakhand". Mint. 19 September 2007. Retrieved 24 October 2010.
  3. ^ About SIIDCUL
  4. ^ Name Change from SIDCUL to SIIDCUL
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