Baddi-Barotiwala-Nalagarh Development Authority (BBNDA) has submitted the detailed estimates of the project to the state government for approval and the technical sanction is awaited. The trade centre will come up at Bhatoli Kalan village in Baddi industrial belt spread over an area of about 15 acre.
A senior official of BBNDA told FE that the estimates are being scrutinised by the concerned authority and the technical sanction is likely to be given within a month or so. The project is likely to entail an investment of around Rs 7.60 crore and this sum has to be sanctioned by the state. Once the approval is granted the tenders will be floated to award the contract to a private party, said the official.
The development of the trade centre is likely to take around two years from the date of allotment of work. The trade centre, once ready, will help boost the exports in the state and put an end to the woes of the exporters of the region. The BBNDA official also informed that the land development work has begun on site with the construction of a retention wall and development of basic infrastructure.