New industrial estate to come up at Baddi
Shimla: Cashing in on the boom that new industry is witnessing in the state, State Industrial Development Corporation (SIDC) has set out to develop 500 bighas of land for industrial purposes at Baddi. Though only two years as special tax exemption period have been granted to the state for setting up new industrial units, the corporation expects to be able to sell these plots to applicants seeking to set up industries in the tax-free zone. After presiding over a board meeting of SIDC, the CM on Wednesday said the cooperation was exploring the possibilities of developing a modern city centre at Nalagarh to meet the needs of area entrepreneurs. Emphasizing upon the need to create good infrastructure for setting up industrial areas in a planned manner, he said a portion of Davni industrial area at Baddi had already been developed and 29 industrial plots had been sold by SIDC for Rs 19 crore. TNN