Saturday, July 24, 2010

Andhra Pradesh Industrial Development Corporation Limited


Andhra Pradesh Industrial Development Corporation Limited was established on 16th December 1960, by the Government of Andhra Pradesh for planned development of medium and large scale industries in the state. Today, it has an authorized capital of Rs. 110 Crores and paid up capital of Rs. 96.23 Crores.
Mission
Enriching society through sustained industrial growth.

Objectives

  • Identify and promote entrepreneurial talent for comprehensive industrial development.
  • Conceptualize exploitation of resources for
    industrialization.
  • Ensure economic, financial and social viability
    of the promoted projects.
  • Earn a reasonable rate of return.
  • Function as an extended arm of Government/National Development Banking Institutions.
Activities
  • Project promotion - Generation and Implementation of New Project Ideas.
  • Equity Participation.
  • Extending Project Finance.
  • Working Capital Facilities :
    1. Bills Discounting
    2. Medium / Short Term Loans

  • Venture Capital Fund for IT and Bio-technology industries.
  • ENTIRE (Entrepreneurs Nucleus and Total Investment
    Requirement Eden) :
    1. Escort Services
    2. Consultancy
    3. Implementation
    of Project

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