Industrial Infrastructure
Facilities - State Government Bodies
Manipur - Industrial Development
Corporation
Manipur Industrial Development
Corporation (MIDCO ) was set up under the Companies
Act, 1956, as a wholly owned state government undertaking
for promotion and development of small, medium and large
industries. In addition to provision of financial assistance,
it is also involved in developing industrial infrastructure
like industrial estates, industrial parks, etc. and
setting up of industrial projects either on its
own or in the joint sector in collaboration with private
entrepreneurs or as wholly-owned subsidiaries.
Manipur Industrial Development Corporation has developed
industrial infrastructure facilities to enable prospective
entrepreneurs to set up their industries in the state.
It also renders technical assistance to the entrepreneurs
in the formulation of the project reports and provides
common facilities in the industrial estates.
Manipur Industrial Development Corporation provides
loans and advances to the industrial units in the medium
and large sectors to the maximum of Rs.400 lakhs. The
interest rate ranges between 13.5% to 17% depending
upon the size of the loan.
