March 1, 2024

HPAS/Allied Mains 2022 Answer Writing Challenge Day 243: Model Answer

Question: What are the important activities carried out by Himachal Pradesh State Industrial Development Corporation (HPSIDC)? (4 marks/120 words)

Answer:

HPSIDC is a major agency in the State to promote the setting up of small, medium, and large-scale industrial units. The Corporation also acts as a State-level financial institution. HPSIDC is the major agency for the promotion and establishment of industrial units is Himachal Pradesh.

It is also the major State-level financial Institution and provides long-term loans for industrial projects. The important activities of the Corporation are:

  • Stimulate industrialization throughout HP.
  • Promotion, Development & Financing of Industries.
  • Development of Industrial Infrastructure.
  • Facilitator – providing guidance & assistance to entrepreneurs.
  • Marketing of Steel & Bitumen as dealer of Central Public Sector Undertakings (PSUs) like Steel Authority of India Limited (SAIL)/ Rashtriya Ispat Nigam Limited (RINL) and Indian Oil Corporation Limited (IOCL).
  • Development of industrial areas/ estates.

The HPSIDC has been engaged as State implementing agency for execution of two prestigious projects viz State of art industrial areas at Kandrori, district Kangra and Pandoga, district Una, under the Modified Industrial Infrastructure Upgradation Scheme (MIIUS) of the Government of India.

Chief Minister has launched the portal UNNATI and mobile App of HPSIDC. This portal would give users the ability to work in collaboration with others and focus on individual projects. Apart from real time collaboration, UNNATI portal would allow users to share and work on documents together from any place and any time.

 

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