Industrial Infrastructure
Facilities - State Government Bodies
Arunachal Pradesh - Industrial
Development and Financial Corporation
Arunachal Pradesh Industrial
Development and Financial Corporation (APIDFC)
was incorporated
in the year 1978 as company under Companies Act, 1956
for promotion of industries in the state of Arunachal
Pradesh. It is performing the twin role of State Industrial
Development Corporation and State Financial Corporation.
Activities
Arunachal Pradesh Industrial
Development and Financial Corporation (APIDFC)
besides providing financial assistance, carries out
the following promotional and development activities
:
Development
Of Infrastructure Facilities:One of the main
objectives of setting up of APIDFC is to develop Infrastructure
facilities for promotion of industrial development
in Arunachal Pradesh. APIDFC,however, does not
take up the activities due to fact that the Department
of Industries is handling all infrastructure development
activities like establishment of industrial estate/growth
centre, export promotion industrial park and integrated
infrastructure development centres. The State Govt.,
has been requested to hand over all such activities
to APIDFC as being done by such other SIDCs.
Industrial
Promotion: Despite being
rich in natural resources and even offer of invitation
for various development programs in the State during
the five year plans, the level of economic development
in Arunachal Pradesh continues to be very low compared
with that of the other states and the country too.
The industrial development in the State is poor due
to :
Lack of basic infrastructure
in the form of food, communication, transportation
and power.
Lack of entrepreneurship and
skill among the indigenous population.
Absence of marketing infrastructure.
Lack of inflow of investible
funds from outside the state.
Extending
Financial Assistance To The Prospective Entrepreneurs
:The State government has appointed
APIDFC as channelising agency to implement the various
schemes of assistance of Arunachal Scheduled Tribes
Finance & Development Corporation Ltd.,
a Govt. of India undertaking a apex financial body,
facilitating and promoting the economic development
and activities of the state. As on March, 1999, the
Corporation has sanctioned term loan aggregating Rs.
83.28 lakhs to 52 beneficiaries and disbursed Rs.
68.97 lakhs to 49 beneficiaries under the various
schemes.
In spite of all the inherent bottlenecks
and constraints for industrial development in the State,
APIDFC promoted a wide spectrum of projects covering
various industrial and service sectors like weaving
and knitting, saw mill, plywood manufacturing, pharmaceuticals,
hotel, transport etc. A study of the resource availability,
industrial scenario, climatic conditions and environmental
opportunities indicates the following thrust area for
industrial development :
Arunachal Pradesh Industrial
Development and Financial Corporation Ltd.
C Sector
Near Petrol Pump
Itanagar -791 111
Phone : 0360-22672,212673
Fax : 0360-22672
