What is (ZIDCO), Zoram Infrastructure and Industrial Development Corporation Limited
ZIDCO full form is Zoram Infrastructure and Industrial Development Corporation Limited. ZIDCO is a Mizoram govt nodal agency that was established for the development of industries in Mizoram. It also specializes in the development of industrial estates.
What is (ZIDCO) Zoram Infrastructure and Industrial Development Corporation?
Zoram Infrastructure and Industrial Development Corporation Limited (ZIDCO) is a government-owned development corporation headquartered in the mizoram. The corporation was established in 1978. ZIDCO’s goal is to support economic growth and job creation by investing in infrastructure projects and developing industrial parks throughout Mizoram. The company is engaged in the development and management of infrastructure projects.
History of ZIDCO
Zoram Infrastructure and Industrial Development Corporation Limited (ZIDCO) was established in 1978 with the vision of transforming Zoram into a globally competitive industrial hub. The Corporation has been instrumental in developing infrastructure and catalyzing investments in key sectors such as Food Processing, handicraft, tourism etc.
As of now, Industral Park at Zoram is home to over 150 industrial units employing over 10,000 workers. The park also houses a number of innovative R&D and incubation facilities that have enabled many start-ups to take off. In addition, the park is actively engaged in promoting trade and investment facilitation initiatives.
Industrial Area Developed by ZIDCO in Mizoram
ZIDCO is a public sector enterprise formed in February 1978 with the primary objective of developing Mizoram’s infrastructure and industrial sector. The company has developed an extensive network of roads, power plants, airports, ports,s and other key infrastructures across the state. In addition to its core business activities, ZIDCO also provides consultancy and support to private firms.
Mizoram is one of the poorest states in India with a GDP per capita of only Rs. 2200 in 2015. However, the development potential of the state is significant due to its rich natural resources and strategic location between India and Southeast Asia. The government has been keen to promote industrialization and diversify the economy away from traditional sectors like agriculture and services.
ZIDCO was formed to spearhead this process by developing key infrastructures such as roads, ports and power plants. Over the past decade, ZIDCO has developed major projects such as Aizawl-Champhai road project, Lengpui Power Project, Mizoram Power Development Corporation Limited (MPDC) projects such as Champhai Extension Project II & III, and Dimapur-Aizawl Industrial Corridor Project among others
In addition to developing infrastructure, ZIDCO also provides consultancy and support to private firms operating in Mizoram. These companies include those engaged in information technology (IT), pharmaceuticals, textiles, agro-processing etc.
How to buy Industrial land / Plot in ZIDCO Mizoram
ZIDCO is an investment and development company that works in the infrastructure sector. It was founded in 1978 and has operations in Mizoram, Nagaland, and Manipur. ZIDCO manages industrial estates that are located in these states. Mizoram is home to two of these estates: the Aizawl Industrial Estate and the Kolasib Industrial Estate.
The Aizawl Industrial Estate is located in the south-central part of Mizoram. The estate covers an area of 1,620 hectares and has the capacity to accommodate 1,200 businesses. The Kolasib Industrial Estate is located in the northeastern part of Mizoram. The estate covers an area of 2,500 hectares and has the capacity to accommodate 2,000 businesses.
ZIDCO offers several benefits to businesses that purchase land or plot within its estates. These benefits include access to state-of-the-art infrastructure, low rental rates, preferential tax treatment, and prompt customer service. ZIDCO also offers a range of other services such as marketing support and business assistance.
How Does (ZIDCO) Make Money?
Zoram Infrastructure and Industrial Development Corporation Limited (ZIDCO) is a state-owned infrastructure development company of govt of Mizoram. The company was founded in 1978 and engages in various public-private partnership projects, including the construction of roads, dams, power plants, and other facilities.
