It also provides tax incentives for companies establishing plants on its industrial estates presently at Haridwar, Pantnagar, Kotdwar, Kashipur, and Sitarganj.
[2][3] SIIDCUL was incorporated as a Limited Company in the year 2002 with an authorised share capital of ₹50 crores and ₹20 crores paid up capital through the Government of Uttarakhand in order to promote industrial development and develop an industrial infrastructure.
Besides the State Government, SIIDCUL has equity participation from the Union Bank of India, the OBC and SIDBI.
This has led to more than a thousand EOI’s with SIDCUL, which entail an investment of around ₹20,000 crores.
[citation needed] Note: Earlier State Infrastructure and Industrial Development Corporation of Uttarakhand Limited (SIIDCUL) was State Industrial Development Corporation of Uttarakhand Limited (SIDCUL)[4]