M P State Industrial Development COrporation

MPSIDC was incorporated on 13 Sept 1965 as a wholly owned company of the State Government to promote industrial development in the state. The MPSIDC was established by the Government which has been regarded mainly as the instrument to achieve a balanced development of Industries in the private as well as the public sector. Its main objectives are: to promote large and medium scale industries in the state to bridge the regional imbalance by rational transfer of resources to develop entrepreneurship among the people of the state to create employment opportunities through industrialization of the state. The activities of the Corporation are formally stated to be as under: entrepreneurial guidance from the concept stage up to the commissioning of the unit identifying viable projects and applying for letters of intent and registrations with Government authorities initiating industries with the objective of giving them off to entrepreneurs initiating joint ventures with pr...