Nagaland Industrial Development Corporation Ltd. (NIDC), Dimapur
The Nagaland Industrial Development Corporation Limited (NIDC) is a Government of Nagaland undertaking, incorporated under the Companies Act, 1956 on March 26, 1970 with the objective to promote, develop, establish and assist industries in the State.
NIDC had set up a Sugar Mill Project and its ancillary Distillery Project at Dimapur, in 1973-74 and 1974-75 respectively. These projects with NIDC’s investments to the tune of ` 297.42 lakh were subsequently handed over to Nagaland Sugar Mills Company Limited. NIDC manages and maintains two Industrial Estates at Dimapur , which were taken over from the State Government in 1976. The Industrial Estates covering a total area of 40 acres has 25 ready built Standard Factory Sheds, which are rented out to industrial units at concessional rates.Starting with a Hire Purchase Scheme in 1976-77, NIDC started assistance under the Refinance Scheme of the Industrial Development Bank of India (IDBI) in 1978 and thereafter schemes National Scheduled Castes and Scheduled Tribes Finance and Development Corporation (NSTFDC) from 1992-93 and National Minorities Development and Finance Corporation (NMDFC) in 1997-98.
In the hospitality industry, NIDC’s wholly owned subsidiary, Nagaland Hotels Limited, has established two hotels with Three Star facilities, at Kohima and Dimapur . Today these two prestigious properties are serving crucial infrastructure requirements for both leisure as well as business travelers. It is an acknowledged fact that NIDC, through its thrust in the transport sector, has created a genre of private transport operators and today there are private taxis and buses servicing every remote parts of the State thereby alleviating the transport and communication bottlenecks, a crucial infrastructure for development.
NIDC implemented the EPIP project on 100 acres of land alloted by the Department of Industries and Commerce at Ganeshnagar, Dimapur in 2005 – 06, sanctioned by the Ministry of Commerce, Government of India. While the EPIP was completed, with a view to make the facility more attractive to investors it has been converted into a Specific Product Special Export Zone (SEZ) in the Agro & Food Processing Sector .The State Government, in view of the benefits that would accrue in respect of attracting investment, development of exports and general economy of the State, approved the proposal for making an application to the Ministry of Commerce, Govt. of India for converting the EPIP into an Agro & Food Processing SEZ. The proposal for conversion of the EPIP into an Agro & Food Processing SEZ was approved and notified vide letter No. F.1/149/2007-SEZ dated July 9, 2009.
In the light of changed perceptions brought in by the economic liberalization in the country, NIDC recognizes the need to diversify into other areas of business for generating sustainable revenue as also to increase its involvement directly in infrastructure development programs.
Agro and Food Processing Special Economic Zone (AFSEZ) at Ganeshnagar
In order to promote exports and develop regional infrastructure Government of India (GOI) has taken several initiatives aimed at developing Special Economic Zones in the country. In reference to the same, Nagaland Industrial Development Corporation Limited (NIDC) has identified Dimapur as the location for the SEZ.
NIDC has sought the clearance from the Ministry of Commerce for the conversion of the EPIP into Special Economic Zone. The State Government has recommended to the Ministry of Commerce for creation of the Special Economic Zone where the Ministry has already approved and notified the Agro and Food Processing Special Economic Zone, (AFSEZ), Ganeshnagar, Dimapur vide No. F.1/149/2007-SEZ dated July 9, 2009.
The Agro & Food Processing Special Economic Zone (AFSEZ) at Ganeshnagar under Dimapur District in Nagaland is the first and only Special Economic Zone (SEZ) in North East India and one of the few exclusive Agro Food Products SEZ in India. The Project is planned across an area of 125 acres. The Agro & Food Processing SEZ would offer a perfect blend of industrial, business and social infrastructure in the midst of lush and green eco-friendly environment incorporating latest state of the art green technologies. The total estimated project cost is Rs. 35.00 crore for the project.
The Agro & Food Processing Special Economic Zone (AFSEZ) seeks to capitalize on the abundant agro-horticulture resources of the North East Region and address the problems of post harvest wastage and thereby provide a boost to the horticulture and agriculture activities of the North East States with ready outlet for their produces.
NIDC manages and maintains two Industrial Estates at Dimapur, which were taken over from the State Government in 1976. The Industrial Estates covering a total area of 40 acres has 25 ready built Standard Factory Sheds, which are rented out to industrial units at concessional rates. The sheds are being rented out at concessional rate in order to encourage and promote industrial activity, which is still a new culture in this part of the country with most enterprises being promoted by first generation entrepreneurs. The revenue earned as rent from these sheds are not at all sufficient to maintain even the sheds themselves which are all very old and require extensive renovation.
Financial constraint has also been a restricting factor for building up additional sheds within the Industrial Estate. Demands for more ready built sheds are on the rise. The infrastructure facilities available are acutely inadequate. Provision for adequate water supply, which is presently not provided till date is an urgent requirement. Augmentation of power supply capacity, construction of internal roads, repair of existing internal roads, construction of proper drainage and sewerage, provision of telecommunication facilities, post-offices and reinforcement of the existing security fencing are some of the immediate requirements.
Integrated Industrial Development Centre (IIDC):
The Integrated Industrial Development Centre (IIDC) at Kiruphema, Kohima district has been implemented by the Corporation where common facility centres has been constructed along with developed plots.
NIDC as a developmental agency has to depend on external funding for all its activities. The spread available from its term lending activities and other income generation like rent, commissions, etc., are only sufficient to meet administrative overheads. NIDC as a State Government undertaking is thus dependent on the State Government and other All India Financial Institutions like the IDBI, SIDBI, NSFDC and NMD&FC for funding its proposed programs.
While the overall economic changes in the country has attributed to the changed perceptions and thinking as regards to developmental funding, organizations like NIDC operating in economically underdeveloped states like Nagaland does suffer serious setbacks in its operations specially in the absence of fall-back supports.
NIDC requires the support of the State Government by way of Equity Contributions, grant for developmental activities, etc., for supporting and implementing policies & program of the Government in industrial development of the State.
For more information visit http://www.nagaind.com