MIDC wins national award for ‘outstanding performance

Shillong, Dec 9: The Meghalaya Industrial Development Corporation Ltd. (MIDC) has been accorded “National Award for Outstanding Performance” at the 10th National Awards function of the Council of State Industrial Development & Investment Corporations of India (COSIDICI) recently.

The recognition was due to MIDC’s successful turnaround strategy, which emphasised financial stringency, operational efficiency, and the promotion of industrial growth, stated an official release.

“In the past year and a half, we have made significant efforts to ensure that MIDC not only becomes financially viable but also sets quality benchmarks as an industrial and investment corporation,” said MIDC chairman James PK Sangma, who also attended the award function at College of Veterinary Science, Assam Agricultural University, Guwahati.

“Today’s award is a recognition of the series of strategic initiatives we have implemented, including prudent financial practices, stringent compliance measures, collective team brainstorming, and the establishment of guidelines for smooth operational workflows,” he added.

Earlier this year, MIDC became the only corporation from Meghalaya to earn ISO certifications for quality and sustainability, achieving ISO 9001:2015 and ISO 14001:2015 certifications.

The Corporation has also been instrumental in bringing significant investments to Meghalaya, including a nearly ₹200 crore investment by M/s Varun Beverages Ltd, which is one of the largest bottling units of PepsiCo in the world. 

Hans Raj Verma, COSIDICI’s director general and former IAS officer, commended MIDC’s dedication, stating that the Corporation has set a remarkable example for other State Industrial Development and Investment Corporations with its innovative approach, commitment to inclusive development, and focus on sustainability.

COSIDICI comprises state public sector undertakings from across the country that are involved in industrial and investment promotion activities.

Hot this week

Meghalaya man missing in Bangkok

Shillong, Jan 10: A 57-year-old Meghalaya resident, Mr. Treactchell...

Pay hike of Assam ministers, MLAs likely as 3-member panel submits report

Full report likely by Oct 30 Guwahati Sept 25: There...

ANSAM rejects Kuki’s separate administration demand, says bifurcation not acceptable

Guwahati, Sept 8: Rejecting the separate administration demand of...

Meghalaya Biological Park Inaugurated After 25 Years: A New Chapter in Conservation and Education

Shillong, Nov 28: Though it took nearly 25 years...

Meghalaya’s historic fiber paves the way for eco-friendly products and sustainable livelihoods

By Roopak Goswami Shillong, Oct 25: From making earbuds to...

Houses razed, hundreds detained in massive crackdown in Kashmir post Pahalgam massacre

Srinagar, Apr 26: Authorities in Kashmir have launched a...

Democratic politics have fundamentally changed globally, says Rahul Gandhi

Hyderabad, Apr 26: Senior Congress leader Rahul Gandhi on...

3 dead in Russian attacks on Ukraine as Zelenskyy meets Trump at Vatican

Kyiv, Apr 26: Three people have been killed overnight...

Massive explosion, fire strikes Iranian port, injures at least 516 people

Tehran, Apr 26: A massive explosion and fire rocked...

Thousands attend Pope Francis’ funeral, ceremony he helped reimagine

Vatican City, Apr 26: World leaders and Catholic faithful...

Assam: Two teens go missing while bathing in Brahmaputra

Barpeta (Assam), Apr 26: A search operation is...
spot_img

Related Articles

Popular Categories

spot_imgspot_img