New Delhi: A knowledge-based industrial park, construction and development of industrial plots and setting up of a major manufacturing hub in the capital. These are some of the major initiatives and projects to be implemented by the Delhi State Industrial and Infrastructure Corporation (DSIIDC) in the next couple of years by spending thousands of crores of rupees.

As part of its plans to bring more investments and industries to Delhi, the DSIIDC will soon initiate work to develop a knowledge-based industrial park in Baprola at an estimated cost of Rs 1,200 crore.

"The DSIIDC will spend many thousands of crores to execute several prestigious projects in the coming few years," DSIIDC Chairman-cum-Managing Director Chetan Sanghi said.

He said the Corporation will go the Public-Private- Partnership (PPP) mode for maintenance of four industrial estates at Bawana, Narela, Okhla and Patparkanj in the capital.

The DSIIDC has already signed a contract for maintenance of Bawana and Narela estates for 15 years at a cost of Rs 30 crores per year.

He said the corporation achieved highest-ever profit of Rs 108 crore during 2010-11 as against Rs 44 crores during 2009-10.

Sanghi said the DSIIDC will take over 28 industrial estates from the MCD and DDA under the new Industrial Maintenance Law which would involve an infrastructure cost of Rs 1,300 crore in the next five years.

The corporation will also hand over 4,350 industrial plots at Bhorgarh for those relocated from other parts of Delhi, he said.