Which of the following statements is/are correct about HSIDC? It is responsible for providing financial services to industries in the state. It is responsible for industrial infrastructure development in the state. Select the correct answer given below.

Only 1
Only 2
Both 1 and 2
Neither 1 nor 2

The correct answer is C. Both 1 and 2.

HSIDC is a state-owned financial institution that provides financial assistance to industries in Haryana. It also undertakes industrial infrastructure development projects in the state.

HSIDC was established in 1962 with the objective of promoting industrial development in Haryana. It provides financial assistance to industries in the form of loans, guarantees, and equity participation. It also provides advisory services to industries.

HSIDC has played a significant role in the development of the industrial sector in Haryana. It has helped to attract new industries to the state and has also helped to expand existing industries. HSIDC has also played a role in the development of industrial infrastructure in the state.

HSIDC is a well-managed and professionally run organization. It has a strong track record of providing financial assistance to industries and of undertaking industrial infrastructure development projects.

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