Manipur Industrial Development Corporation Ltd
Status of MANIDCO
(A Govt. of Manipur Undertaking)
Industrial Estate Takyelpat, Imphal - 795001
Post Box No.46
Phone: (0385)-2410767
Website: https://manidco.in

 

The Manipur Industrial Development corporation formerly known as The Manipur Small Industries Corporation Ltd.(MSIC) is the only financial institutions doing twin functions in the state of Manipur. They may be grouped as below:

1. Financial Institutions

Catering of long term financial assistance to the industrial units ranging from tiny, cottage, SSI, SVO and Medium in the State.

2. (a) Promotional Activities

Distribution of scarce Industrial assistance to the industrial units ranging from tiny, cottage, SSI, SVO and Medium in the State.

(b) Infrastructure

Developing infrastructure for development purposes and execution of Engineering works in different areas.

3. Objectives

To aid, advice, assist finance, protect and promote the interest of small/medium industries in the state. To enter into contract with the Govt. of India, State Govt. to grant guarantee or recommend the grant of loan to small industries to acquire land or to take on lease, to guarantee to the NSIC in respect of the money to be paid by the entrepreneurs to NSIC under the scheme of Hire -purchase, to promote and operate schemes for development of small industries in the state. To invest capital of the company in or to deal with share, to establish, promote, subsidiaries and otherwise assist any company or companies for the purpose of setting up of an Industry etc.

4. Promotional Activities

The Corporation under this activity and in the interest of the Small Scale Industrial units has been lifting scarce raw-materials under SSIDC allocation of the Government of India and State allocation for distributing to SSI units of the State.

The corporation has also been lifting other materials like cement, plastics, soap-materials for the SSI units of the State

5. Marketing Assistance Scheme of SSI Products

MANIDCO under the scheme as an encouragement to the SSI units to promote their sales has arranged to supply their products to the Government Departments and other establishments.

6. Infrastructure

For Industrial Infrastructure Development within this state, this corporation has a separate Infrastructural Development cell/Engineering cell. This cell executes several infrastructure developments work for various Government departments/under takings. This cell has also taken up other civil works of other Government apartments, which do not have separate construction cell.