Gujarat Industrial Development Corporation (GIDC) is a state government undertaking of Gujarat, India. It is responsible for developing industrial estates, providing financial assistance, and promoting exports.
GIDC was established in 1962 with the objective of promoting industrial development in Gujarat. It has since developed over 100 industrial estates across the state, providing infrastructure and facilities to industries. GIDC also provides financial assistance to industries in the form of loans, grants, and subsidies. In addition, GIDC promotes exports from Gujarat by providing support to exporters, such as market research, training, and financial assistance.
GIDC has played a significant role in the development of Gujarat’s economy. It has helped to attract investment from domestic and foreign companies, and has created jobs for millions of people. GIDC is a key player in the development of Gujarat as a leading industrial state in India.
Here is a brief explanation of each option:
- Developing industrial estates: GIDC develops industrial estates by acquiring land, developing infrastructure, and providing facilities to industries.
- Providing financial assistance: GIDC provides financial assistance to industries in the form of loans, grants, and subsidies.
- Promoting exports: GIDC promotes exports from Gujarat by providing support to exporters, such as market research, training, and financial assistance.