Council Of State Industrial Development and Investment Corporations Of India

COSIDICI
Click to edit Master subtitle style

BY: RAVIKANT THAKUR ARVIND RANA GRIJESH

11/30/12

ARE YOU PLANNING TO SET UP AN INDUSTRIAL UNIT IN THE SMALL, MEDIUM, LARGE/JOINT SECTOR ANYWHERE IN INDIA?

If so, you may approachCouncil Of State Industrial Development and Investment Corporations Of India (COSIDICI), which act as a catalyst for rendering assistance/guidance through its network of 56 affiliated State Industrial Development and Investment Corporations in respect of :
11/30/12

PROFILE

Established in 1976 as a Society under the Societies Registration Act, 1860. National federation of state level financial and investment corporations comprising State Financial Corporations (SFCs), State Industrial Development Corporations (SIDCs) and State Infrastructure Development Corporations. 11/30/12

As on 30th September, 1999, COSIDICI has a membership of 56 state level institutions, as indicated below:
State Financial Corporation (SFCs) - 18 : These corporations have been set up at the state level underState Financial Corporations Act, 1951. These corporations have been notified as "Public Financial Institutions' under Section 4-A of the Companies Act by the Government of India State Industrial Development Corporations (SIDCs) 28

1.

2.

11/30/12

OBJECTIVE

The main objective of this national federation is to act as a clearing house for sharing of experiences by member corporation across states, disseminating information of common interest among them and to provide them with a common platform to the state level corporations for ventilating their problems and grievances to the Government and all India financial institutions and serve as a mouth-piece of this sector for influencing the policies of the Government/financial institutions having bearing on the development of this sector. 11/30/12

To liaise with and to represent to the Central and State Governments, term lending and other financial institutions on the common problems and issues of member corporations To promote co-ordination, collaboration, joint participation and general understanding among the member corporations etc. To render assistance to member

11/30/12

Name Of Corporation & Web site Address

Kerala State Industrial Development. Corporation. Ltd. www.ksidc.org Gujarat Indl. Inv. Corporation Ltd. www.giicindia.com J & K State Industrial Development. Corporation. Ltd. www.agroindia.org/j&k
11/30/12

Delhi Financial Corporation www.dfcdelhi.com Haryana State Industrial Development Corp. Ltd www.hsidc.nic.in Himachal Pradesh Industrial Development Corp. Ltd www.himachal.nic.in/sidc
11/30/12

Facilities and incentives available for setting up industries in the States

In each state a State Financial Corporation and a State Industrial Development Corporation have been functioning for more than four decades. Operating at the grass root level, these development finance institutions have played a significant role in developing industries in the states with particular emphasis on development of backward regions. 11/30/12 These corporations have played a

Achievements Of COSIDICI

1. COSIDICI had been continuously following up with IDBI/SIDBI to increase the resource support to SLFIs. As a result the refinance limit was increased from 65% to 80%. 2. IDBI/SIDBI would charge additional interest for 1 1/2 months instead of 3 months as at present i.e. only 50% premium on the amount of premature instalment repaid to 11/30/12

11/30/12