Siggadi growth centre meets roadblock
Hotline: 1800 102 2007
X
Search Business Opportunities
2011-08-01

Siggadi growth centre meets roadblock

Siggadi growth centre meets roadblock due to faulty policy

The Sigaddi growth centre, being developed by the government-owned State Infrastructure and Industrial Development Corporation of Uttarakhand Limited (Sidcul), has met with a snag due to the steep hike in the prices of industrial plots. The move has been criticised by the Comptroller and Auditor General (CAG) of India.

 

The price of an industrial plot at Sigaddi, set at Rs 3,500 per sq meter by Sidcul – the nodal agency for industrial development – two years ago, is considered very high, due to which industry has not shown any interest.

 

In its last meeting, the Sidcul board had called for floating Expressions of Interests (EOIs) in order to ascertain the real value of industrial plots at the Sigaddi growth centre in the Kotdwar area of Pauri district, so that land prices can be brought down to match market expectations. But it was found that Sidcul is yet to float such EOIs.

 

The scheme to set up the growth centre was introduced by the government to encourage industrialisation in backward areas.

The audit observed that the slow rate of allotment was mainly due to the “faulty” policy of bidding by Sidcul from the year 2007-08, which stipulates that the industrial plots will be allotted only to the highest bidder and to those bidders who quote a rate that is within 30 per cent of the highest bid.

 

Related opportunities
  • Multi Cuisine Restaurant
    About Us: Shaking up the traditional food & drink space with..
    Locations looking for expansion Gujarat
    Establishment year 2004
    Franchising Launch Date 2018
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 3000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ahmedabad Gujarat
  • Computer and ICT Services
    About: Developed by Vidhya Management Services Pvt. Ltd., Quikfee is an..
    Locations looking for expansion Delhi
    Establishment year 2016
    Franchising Launch Date 2017
    Investment size Rs. 50 K - 2lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • About Krios Kitchen   Krios Kitchens delivers the ready to use kitchen at..
    Locations looking for expansion Gujarat
    Establishment year 2003
    Franchising Launch Date 2015
    Investment size Rs. 20lac - 30lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ahmedabad Gujarat
  • Tea and Coffee Chain
    About Us: Ritazza is an international chain of coffee shops specialising in..
    Locations looking for expansion Delhi
    Establishment year 1988
    Franchising Launch Date 1955
    Investment size Rs. 1 Cr. - 2 Cr
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts