Write a short note on ‘SIDCUL’ of Uttarakhand. [Answer Limit: 125 words] [UKPSC 2016]
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SIDCUL – State Infrastructure and Industrial Development Corporation of Uttarakhand Limited is an Indian government company that aims to promote industrial development in Uttarakhand. SIDCUL Founded in 2002 SIDCUL aims to provide industrial boost through developing industrial infrastructure and providing other backward related support services.
Following are the important characteristics of SIDCUL:
Investment Facilitation: SIDCUL supports in acclimating investments by providing facilities like low stamp duty and competitive land prices.
Employment Generation: The initiative has generated lakhs of job across various cities, strengthening the local economy it had something for everyone.
In all, SIDCUL has immense importance to make better the industrial structure and economy of the state.