What is (OIDC) Omnibus Industrial Development Corporation of Daman Diu
The full form of OIDC is The Omnibus industrial development corporation of Daman Diu, it was incorporated vide section 25 of the Companies Act, 1956 on 27th March 1972. The prime objective of the corporation is to promote industrial development in Daman Diu and adjoining areas by way of investment in plant, machinery, and equipment and through the provision of consultancy services in industrial matters.
What is the Omnibus Industrial Development Corporation of Daman Diu?
The Omnibus Industrial Development Corporation of Daman Diu (OIDC) is an autonomous statutory body established under the Companies Act, 1956. It was set up in 1972 with the objective of spearheading industrial development within the UT of Daman and Diu. The Corporation has the mandate to promote industrial investment, technological upgradation, occupational training, and skill development, as well as expand export-oriented industries within its jurisdictional area.
Currently, the Corporation operates through eight divisions – namely investment promotion and financing, industrial infrastructure development, and cluster development.
In recent years, the OIDC has been consistently achieving impressive results in terms of economic growth and job creation. In FY18, for instance, the Corporation generated direct employment opportunities for 1,008 people. In addition to this, it also financed more than Rs 2 crore worth of projects that led to the establishment of over 50 new industrial units in the region.
Overall, the OIDC plays an important role in promoting industrialization and diversification in Daman & Diu region by providing support for various developmental initiatives.
The History of the Omnibus Industrial Development Corporation of Daman Diu
The Omnibus Industrial Development Corporation of Daman Diu (OIDC) is a statutory corporation set up in 1972 to spearhead industrialization in the coastal state of Daman and Diu. The corporation is headquartered in the city of Daman and has a total area of 2,656 hectares.
The corporation was initially formed to develop the Infrastructure and Services sector. The major thrust areas of the corporation have been Infrastructure Development, Maritime Transport, Information Technology, Manufacturing, and Tourism.
Since its inception, the corporation has achieved remarkable successes in developing a number of industries including Textile mills, Petrochemicals, Food Processing Units, and Fertilizer units. The latest venture undertaken by OIDC is InfraWest Projects Ltd., a joint venture between the Maharashtra State Electricity Board and the Oman Holding Company for the development of power generation capacity in Daman and Diu Islands with an investment value of Rs 5,000 crore over a period of 25 years.
Activities of the Omnibus Industrial Development Corporation of Daman Diu
The mandate of OIDC is to promote industrial development in Daman and Diu by providing financial assistance, promoting innovation and entrepreneurship, and linking the private sector with strategic partners.
The OIDC has emerged as a truly Omnibus Corporation carrying out multifarious activities of Development, Maintaining Industrial Estates, and accelerating the economic development of both the UTs in the spheres including Industrial, Tourism, Housing, and other Allied activities. Recently a Transport division has been set up. City Bus Service by the name “Saarthi Bus Sewa” in Daman, Diu & Dadra and Nagar Haveli has been started to provide better transportation facilities to the public of both territories. In addition to overall development, the corporation under Corporate Social Responsibilities is committed to bridging the heartfelt needs in the social sector too.
Read – What is Maharashtra Industrial Development Corporation (MIDC)? Everything you need to know about MIDC
Some of the key initiatives undertaken by OIDC include:
1. Supporting small-scale industrial units through various funding schemes such as start-up credit facility (SUCF), enterprise investment fund (EIF), incubation center facility (ICF), and export incentive scheme.
2. Promoting innovation through the provision of R&D support to enterprises engaged in cutting-edge technologies such as information technology, pharmaceuticals, and biotechnology.
3. Facilitating market access through organizing trade shows and developing marketing campaigns for locally made products.
4. Providing mentorship
The Future of the Omnibus Industrial Development Corporation of Daman Diu
The Omnibus Industrial Development Corporation of Daman Diu (OIDC) was established in the year 1972 with the aim to catalyze industrial development in the State of Daman and Diu. The Corporation has so far developed over 560 acres of land into a world-class industrial township and has attracted investments worth over Rs 10,000 crore. The Township has been listed as a ‘Special Economic Zone by the Union Ministry of Commerce & Industry.
The OIDC is presently working on two major projects – the Daman Aeropolis and the Amanpuri SEZ. The Aeropolis project is aimed at developing an airport complex at Daman which would cater to both domestic and international users. The Amanpuri SEZ, on the other hand, envisages the development of an integrated township comprising residential areas, commercial facilities, recreational zones, and infrastructures such as hospitals, schools, and markets.
Industrial Areas developed by omnibus industrial development corporation in Daman Diu
The industrial areas developed by omnibus industrial development corporation in Daman Diu are very extensive. The corporation has developed over 58 acres of land in the city which is known for its textile and printing industries. Apart from this, the corporation has also developed a number of infrastructure facilities like parks, hospitals, schools and other commercial establishments which have helped in increasing the productivity of the workforce in these areas.
List of the Industrial Areas in Daman & Diu
Udyognagar Industrial Estate, Ringanwada Phase-I
Udyognagar Industrial Estate, Ringanwada Phase-2
Mahatma Gandhi Udyognagar, Dabhel
Industrial Township at Village Velugam, DNH.
How to buy industrial plots in daman diu
If you are looking to invest in industrial plots in Daman Diu, your best bet is to look into the omnibus industrial development corporation (OIDC). This government-owned organization has been instrumental in helping build up the industrial sector in Daman Diu over the past few decades.
The OIDC offers a wide range of investment opportunities, from land packages to tax breaks and exclusive access to raw materials. In order to take advantage of these benefits, you’ll first need to register with the OIDC. Once you’ve done this, they’ll provide you with all of the information you need to make an informed decision about your investment.
