| Founded | 2002 |
|---|---|
| Headquarters | Dehradun |
| Area served | Uttarakhand |
| Owner(s) | Government of Uttarakhand |
| Website | www.sidcul.com/sidculweb/home.aspx |
The State Industrial Development Corporation of Uttarakhand Limited (SIDCUL) 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 and Sitarganj.[2][3]
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It was incorporated as a Limited Company in the year 2002 with an authorised share capital of Rs. 50 crores and Rs. 20 crores paid up capital through Government of Uttarakhand in order to promote Industrial development in the State, provide financial assistance in the shape of debt, equity, venture capital, develop infrastructure and assist private initiative in Industry and Infrastructure and implement, manage projects and provide specialized financial, consultancy and construction and all such other activities to promote industries and develop Industrial Infrastructure in the State of Uttarakhand directly or through Special Purpose Vehicles, Joint Ventures, assisted companies etc.
Besides the State Government, SIDCUL has equity participation from UBI, OBC and SIDBI. Other banks are also in the process of participating in its equity. This has led to a high degree of professionalism and autonomy in the functioning of the Corporation. The spate of concessions available for Industrial ventures in Uttarakhand along with the proactive government and facilitative environment has led to more than a thousand EOI’s with SIDCUL, which entail an investment of around Rs. 20,000 crores.