PROFILE
| Karnataka
State Industrial Investment and Development Corporation (KSIIDC)
is a premier State Level Industrial Development Corporation established
under the Companies Act in 1964. KSIIDC is wholly owned Government of Karnataka
undertaking with share capital, including share application
money, of Rs 112.44 Crores. An ISO
9002 company, recognised by IDBI as Category "A" IDC.
KSIIDC
has its head office at Bangalore and branch offices at Hubli, Mysore, Mangalore
and Gulbarga. |
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Objectives
of KSIIDC
The
objectives of the Karnataka State Industrial Infrastructure Development
Corporation are
-
To
act as catalyst for promoting industrial growth in the State, especially
in the medium and large sector by
-
Identifying
industrial opportunities;
-
Providing
guidance and advice to prospective entrepreneurs
-
Providing
necessary financial assistance and other related
services to realise these opportunities.
-
To act
as the designated agency of the Government to
-
Plan and
formulate proposals for industrial infrastructure
development projects after assessing the need in different sectors/areas;
and
-
Monitor
the specified mega projects during implementation as the
nodal ngency.
Activities
The
spectrum of activities undertaken by the KSIIDC spans the following areas
:
TO
ACT AS STATE LEVEL DEVELOPMENT FINANCE INSTITUTE
-
Provides
a host of products and services, from project conception
to post production stage, to new projects as well as for expansion,
modernisation or diversification of
existing companies in the small, medium and large scale sectors,
including sectors like health care
, hospitals, hotels, tourism,
etc.,
Important products offered :
Normal
term loan (Upto Rs 600 lacs per company)
Equipment
finance (Upto Rs 400 lacs per company)
Lease
finance (normally upto Rs 300 lacs per company)
Corporate
loan (normally upto Rs 200 lacs per company).
Bill
discounting (upto Rs 200 Lacs per company)
Non-Convertible
Debentures (upto Rs 500 Lacs per company)
Bridge
loan against subsidy
Rehabilitation
loan (need based)
Deferred
payment guarantees
Letter
of Credit
Financial Services Offered
Public/Rights
issue management
Investment
in public issues (DFI Quota)
Bought
out deals
Project
consultancy/Project appraisal
Credit
syndication
Management
advisory services
Underwriting
of shares
-
It is
a Category I Merchant Banker recognised by SEBI
TO
PERFORM PROMOTIONAL ACTIVITIES : KSIIDC performs following industrial
promotional activities for growth of industries in the state
Project
identification
Identification
and selection of suitable entrepreneurs
Assistance
in securing statutory and Government approvals/clearances
Direct
participation in equity
Promotion
of joint sector projects
Providing
of escort services
Acting
as a nodal agency of Government of Karnataka for specified
major/mega projects
Attracting
industrial investment including direct foreign investment
and NRI investment.
Arranging
meetings of the industrialists and other related bodies
to study industry problems/issues
Conducting
industrial promotion campaigns within and outside
the State.
Organising
visits of delegation of industrialists from Karnataka
to overseas countries.
Inviting
delegations and trade bodies from overseas countries
to explore investment opportunities in Karnataka.
TO
PERFORM DEVELOPMENTAL ACTIVITIES : KSIIDC is designated agency of the
Government to plan and formulate proposals for
infrastructure development projects like
Industrial
Parks/Townships
Industrial
Growth Centres
Airport
of international standard
Minor
Airports
Sea
Ports
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