M P State Industrial Development COrporation

MPSIDC was incorporated on 13 Sept 1965 as a wholly owned company of the State Government to promote industrial development in the state. The MPSIDC was established by the Government which has been regarded mainly as the instrument to achieve a balanced development of Industries in the private as well as the public sector. Its main objectives are: • to promote large and medium scale industries in the state • to bridge the regional imbalance by rational transfer of resources • to develop entrepreneurship among the people of the state • to create employment opportunities through industrialization of the state. The activities of the Corporation are formally stated to" be as under: • entrepreneurial guidance from the concept stage up to the commissioning of the unit • identifying viable projects and applying for letters of intent and registrations with Government authorities initiating industries with the objective of giving them off to entrepreneurs • initiating joint ventures with private parties with equity • providing share capital assistance and loans to industrial units • providing technical guidance • refinancing industrial units under the refinancing scheme of central/national financing institutions • rehabilitation of sick units. Organization Structure is headed by a non-executive chairman whose role is to chair the meetings of the Board of Directors. The chief executive is the managing director. Policy Initiatives & Reforms 2004 Onwards Industrial Promotion Policy 2004 amended in 2007 IT Policy 2006 Forest Policy 2005 Captive Power Policy with Amendments Multiplex Policy 2001amended in 2006 Waste Land (Non Forest) Policy 2006 Wine Policy 2007 Housing Policy 2007 Food Processing Vision Document 2025 The State is striving for further policy Reforms … Importance initiatives for facilitating ease of doing business Single Window (or Single Table) Clearance concept by creating a Trade & Industrial Facilitation Corporation (TRIFAC).