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Friday 19 October 2018
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Industries Minister for diversification of activities of Industrial Development Corporation

Industries Minister Mukesh Agnihotri, in the meeting of the Board of Directors of State Industrial Development Corporation, here today, said that the State Industrial Development Corporation (SIDC) should ensure expansion of its activities so that it could become more vibrant and self-reliant.

While reviewing the progress of SIDC, Agnihotri said that the SIDC should play pro-active role in industrial development of the State. He said that the activities of SIDC have increased with the merger of Nahan Foundry and Small Scale Industrial Export Corporation. He said that time bound and amicable settlement of various loan cases should be ensured in order to avoid litigation and waste of time.

Agnihotri said that the Corporation should ensure quality execution of civil works besides recovery of loans from the beneficiaries. It was informed in the meeting that the Corporation had set a target of generating income of Rs. 96.94 lakh through steel and bitumen trading.

Ajay Bhandari, Managing Director, SIDC conducted the proceedings of the meeting and detailed various activities if the Corporation. Non-Official Directors of the Board of Directors of the Corporations also gave their valuable suggestions.

Dr P.C.Kapoor, Additional Chief Secretary, Industries, Mohan Chauhan, Director Industries, J.S. Walia, Managing Director, State Financial Corporation, Rajesh Sharma Special Secretary Finance were present in the meeting among others.

Board of Directors of Himachal Pradesh General Industries Corporation Ltd. (GIC) also hold meeting under the chairmanship of Industries Minister. Agnihotri directed General Industries Corporation to diversify its activities in areas such as supply of grit, sand and other construction material. He said that the State Government would take up the matter at appropriate level for ensuring environmental clearances for these endeavours.

It was informed in the meeting that Corporation had earned a profit of Rs. 1.27 crore during the first two months of the current financial year. Non-official directors in the Board of Directors of GIC also gave their valuable suggestions.

J.S.Rana, Managing Director, GIC conducted the proceedings of the meeting. Dr P.C.Kapoor Additional Chief Secretary, Industries, Mohan Chauhan, Director Industries, Rajesh Sharma Special Secretary Finance were present in the meeting among others.



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