PROFILES OF MEMBER CORPORATIONS

STATE INDUSTRIAL DEVELOPMENT CORPORATION OF UTTARANCHAL LIMITED (SIDCUL)

The State Industrial Development Corporation of Uttaranchal Limited (SIDCUL) Corporation is an amalgamated version of traditional State Financial Corporation, Industrial Promotion & Investment and Infrastructure Development Corporation. This would help the Corporation in cutting down on administration costs and bring about a more harmonious and smooth functioning.

SIDCUL will play a stellar role in the promotion of Industries, providing adequate and timely finance, developing the required infrastructure, ensuring development, technology up-gradation and setting up of high technology pollution free industries, ensuring implementation of IPR and other related policies of the State.

To achieve these objectives the Corporation would be undertaking varied activities, such as Industrial promotion, preparation of shelf of projects, data bank, and undertaking consultancy services, organising entrepreneurship development programmes, bringing out publications, holding of Industrial fairs, Seminars and road shows, financing of Industries, arranging consortium funding, financing and promoting service industry and other related activities.

The Corporation’s activities would also include creation, development and management directly, or by user Industry Association under its supervision, of existing and new Industrial Estates, parks, townships etc. The existing Industrial Estates and parks of UPSIDC and erstwhile Directorate of Industries falling in the geographical area of Uttaranchal Government would be looked after by SIDCUL.

The Corporation would be administering all promotional schemes of the Government for Industries and administer the single window system. The Corporation would act as the data bank and expert cell for the Government, and provide escort services to the entrepreneurs in the State.

The Corporation would be providing all possible help to the existing and new entrepreneurs in setting up and smooth functioning of tiny, small, medium and large scale Industries. The Corporation would facilitate in providing backward and forward linkages.
The Corporation would be taking all steps to prevent Industrial sickness, and prepare rehabilitation and revival packages for Industtries located in Uttaranchal, which require such interventions.

The Corporation would work as the Secretariat for Udyog Mitra. This would be a professionally managed company and all executives: computer literate.

The Corporation has been set up under the Companies Act with a share capital of Rs.50 crores. Apart from GoU, SIDBI is also participating in its equity with IDBI, IFCI, ICICI, LIC, SBI also expected to contribute their share to the equity.