Delhi to spend Rs2,000 crore on industrial area renewal

The Delhi government has decided to redevelop 22 industrial areas in the city with a investment of nearly Rs2,000 crore.

The task has been given to the Delhi State Industrial and Infrastructure Development Corporation (DSIIDC), which has undertaken the task as per the provisions of the master plan-2021, the corporation's chairman and managing director Chetan Sanghi said on Saturday.

Sanghi said the existing industrial units in these areas, which till now were not part of planned development activities of government agencies, will provide the funds for their own redevelopment. "The cost of the redevelopment will be borne by the industrial area welfare society, which will generate the funds from its members," he added.

To begin with, the infrastructure development agency has signed a memorandum of understanding with Mundka Industrial Area Welfare Society. The other areas to be redeveloped include Libaspur, Mandavli, Shahdara, Naresh Park, Rithala, Hasthsal and Swaran Park.

In Mundka, an industrial cluster located over an area of 400 acres will be redeveloped. It will include areas like Phirni Road and Mundka Udyog Nagar. According to Sanghi, the area does not have metalled roads and lacks civic amenities like water supply, sewerage and drains. "The work will start in six months," he added.

Sanghi said that the agency is also ready to distribute about 10,000 houses to the poor under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM).