About:

<p>Manipur Industrial Development Corporation Limited (MNIDCO) formerly Manipur Small Industries Corporation Limited (MSIC) was incorporated in the year, 1969 under the Companies Act.1956 (No. 1 of 1956). The present authorized Share Capital of the Company is Rs. 16.00 crore. IDBI.s Share is Rs. 4.21 crore. 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. The Company has to cater long term credit requirement of industry. MANIDCO is governed by a Board of Directors. All the members of the Board are representatives of the State Government and the Industrial Development Bank of India (IDBI)/ Small Industries Development Bank of India (SIDBI). It is worthwhile to mention that there was hardly fund available in the Corporation for industrial activities till the middle of 1980. In order to clear the backlog in industrialization, the State Government took initiative to revive the activities of MANIDCO with a very low budgetary support till 1985-86. Industrial Development Bank of India (IDBI) support in this regard</p>

Website

http://manidco.in/

Phone

(0385) 2410767

Location

Manipur

Postal Address

Industrial Estate Takyelpat, Post Box No. 46, Imphal – 795001 (Manipur)

Fax

(0485) 2410767