NEW DELHI: The Delhi government has initiated the biggest land monetisation exercise in India in recent times, putting up 10 million square feet of land for commercial development, hoping to generate revenue upwards of Rs 6,000 crore. Also in the works is the development of 920 acres for an industrial township, to promote non-pollution industries including services business. The Delhi State Industrial and Infrastructure Development Corporation (DSIIDC) has prepared the monetisation plan and is expected to invite tenders in a month, officials in the know said. It expects these industrial areas to create more than 2 million jobs in the first phase.The developments on the city outskirts will have industrial, institutional, office and warehousing space. A few residential sectors too will come up as part of a walk-to-work initiative, an official said. Delhi has a substantial land bank for investment in sectors such as tourism and hospitality, automobile parts, handloom and handicrafts, ecommerce, retail and information technology, finance minister Manish Sisodia had said last month. 77603775″;Upcoming industrial hubs in Rani Khera Mundka, Baprola and Kanjhawala, along with the Mundka North Warehousing Cluster, have ample capacity available. And these make Delhi an ideal destination for companies looking to set up retail or sourcing operations,”; Sisodia had said at the Invest India Exclusive Investment Forum. “;We have plans of a multilevel manufacturing hub in Rani Khera in 147 acres which will provide employment to 750,000 (people),”; a DSIIDC official said. The phase-I would consist of around 7 million sq ft of industrial space, 500,000 sq ft of institutional and office space, 1 million sq ft of warehousing space and 500,000 sq ft for parking and other services, he told ET. The Delhi government is exploring tieups with industries such as jewellery and perfumes, packaged foods, leather goods and garments, steel fabrication to set up units in these proposed industrial parks. The Rani Khera industrial park is expected to cater to industries such as electronics components, system design and testing, and biotechnology. At Baprola, the government is considering a knowledge-based industrial park. The DSIIDC plans to develop a 920-acre integrated industrial township at Kanjhawala in northwest Delhi. This project is expected to create direct and indirect employment opportunities for 1.5 million people. “;Delhi is a city of opportunities. Our GDP has doubled in the past seven years and we have a per-capita income of Rs 3,89,000, which is three times the national average,”; Sisodia had said.

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