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What is (MNIDCO), Manipur Industrial Development Corporation Limited ?

MNIDCO full form is Manipur Industrial Development Corporation Limited. MNIDCO is an industrial development corporation of Manipur which was incorporated in 1969. The company is headquartered in Imphal, Manipur, and has its registered office at Imphal West, Imphal. MNIDCO is a public sector undertaking under the Ministry of Rural Development and Panchayati Raj. The corporation has been mandated to spearhead the development of the industrial estates in the State of Manipur through land acquisition, setting up of industrial units, facilitation of trade and investment from domestic and foreign investors, and promotion of entrepreneurship among the locals.

What Does MNIDCO Do ?

(MNIDCO), Manipur Industrial Development Corporation Limited is a public sector company that was established in 1969 with the aim of spearheading industrial development in the state of Manipur. The corporation has the mandate to provide support to small and medium enterprises, promote foreign investment, and undertake infrastructure development initiatives in the state.

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MNIDCO has a portfolio of projects that includes manufacturing, information technology, renewable energy, and tourism. The corporation also oversees agricultural development projects and provides banking and financial services to small businesses. In addition, MNIDCO maintains an inventory of industrial goods and supplies them to various industries in the state.

The corporation has developed over 60 factories across the state employing over 10,000 workers. These factories produce items such as textiles, garments, food products, furniture, electronics, pharmaceuticals, auto parts, mining equipment, construction materials, and sports equipment. Some of the more notable projects undertaken by MNIDCO include the Industrial Growth Centre, Imphal East, Integrated Check Post, Moreh are likely to be implemented through the Infrastructure Cell, MANIDCO.; targeted interventions for handicrafts production; support for solar power generation; initiatives for dairy product exports; support for information technology adoption in rural areas; improvement of infrastructure facilities in National Highway No. 1 corridor; establishment of an insurance company; provision of scholarships to meritorious students from marginalized communities; promotion of tourism development in Imphal Valley

Objectives and Functions of (MNIDCO)

MNIDCO is a public sector undertaking that was set up in 1969 with the objective to develop industrial estates in the state of Manipur. So far, MNIDCO has developed industrial estates in the state. Today, MNIDCO is one of the most prolific developers of industrial estates in India.

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The main objectives of MNIDCO are:

Manipur Industrial Development Corporation Limited (MNIDCO) has been working closely with various stakeholders and has been able to ensure seamless coordination between various agencies for effective developmental outcomes. The major stakeholder groups include entrepreneurs, investors, employees, local authorities, statutory bodies, and other agencies like HUDCO. MNIDCO deals with a variety of development issues such as land acquisition, infrastructure creation/upgradation, etc

Executive Summary

The Manipur Industrial Development Corporation Limited (MNIDCO) was founded in 1969 with the aim of accelerating industrial development in the state. MNIDCO is a public sector company that oversees the investment, development, and promotion of industries in the state. The company has developed a number of industrial estates across the state, including the Silchar Industrial Estate, which is home to major garment companies like Primark and Adidas. MNIDCO also operates the Manipur Iron and Steel Plant.

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Industrial Area Developed by MNIDCO in Manipur

The corporation operates a number of industrial estates across the state including the Imphal Industrial Estate, Thoubal Industrial Estate, Tamenglong Industrial Estate, Khongjom Industrial Estate, Chandel Industrial Estate and Phek Industrial Estate. The corporation also oversees the construction of industrial parks and other businesses in Manipur. In 2016, (MNIDCO) generated revenues of Rs 1,033 crore and employed 10,468 people.

Industries in Manipur

The Manipur Industrial Development Corporation Limited (MNIDCO) is the state-owned industrial development corporation of the Indian state of Manipur. MNIDCO was established in 1969 and has a mandate to promote and facilitate industrial development in the state. MNIDCO is headquartered in Imphal with operations in Thoubal, Dimapur, Palamau, Karbi Anglong and Ukhrul districts. The corporation currently has two operational projects: the Bisildon Steel Plant and the Sunandana Power Project.

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