MANIPUR INDUSTRIAL DEVELOPMENT CORPORATION LIMITED (MANIDCO) jobs and careers

About MANIPUR INDUSTRIAL DEVELOPMENT CORPORATION LIMITED (MANIDCO)

Manipur Industrial Development Corporation Limited (MANIDCO) formerly known as Manipur Small Industries Corporation Limited (MSIC) was incorporated in the year, 1969 under the Companies Act.1956 (No. 1 of 1956). The Corporation is multi -functional company which acts as (i) State Financial Corporation (SFC), (ii) State Industrial Development Corporation (SIDC) and (iii) State Infrastructure Development Corporation. It is the only financial institute of the State. MANIDCO is governed by a Board of Directors. All the members of the Board are representatives of the State Government and IDBI and Small Industries Development Bank of India (SIDBI). The main activities of the Corporation are: - 1. State Financial Corporation (SFC). As a State Financial Corporation, MANIDCO started its Term Loan Lending Activities from the year, 1986-87 up to 1992-93, providing of financial assistance to Tiny & Cottage, Small Scale Industries, Hotel Industries & Transport Industries etc. in the State of Manipur under the Refinance Scheme of Industrial development Bank of India (IDBI) and Small Industries Development Bank of India (SIDBI). 2. State Industrial Development Corporation (SIDC). As a State Industrial Development Corporation, MANIDCO has participated in a few subsidiary/joint sector projects (industrial units) in the state of Manipur. - Raw Materials Trading Business. Further, the Corporation procures and provides scarce raw materials to the small scale industrial units and also assists in marketing their products. It also procures construction materials like, steel, cement, CGI sheets etc. for the various construction works taken up by its Engineering Cell. 3. State Industrial Infrastructure Development Corporation (SIIDC)/ Engineering Cell. As State Industrial Infrastructure Development Cell, MANIDCO has been undertaking Construction & Design services for various civil construction works in the state of Manipur. Mostly funded by state government or centrally funded.