Karnataka State Industrial Investment & Development Corp Ltd
Name
Karnataka State Industrial Investment & Development Corp Ltd
Description
Established in 1964, Karnataka State Industrial Investment & Development Corporation Limited has been greatly instrumental in the industrialisation of the State, especially in the large and medium sector. An important arm of the state in bringing industrial boom in various sectors, KSIIDC has assisted 135 start up ventures through equity paricipation to the extent of Rs. 118.28 crores spread over the length and breadth of the State. KSIIDC has also extended financial assistance in the form of debt to core sector industries like Steel, Cement, Mining and Textiles and modern sector Idustries like Information Technology, Aviation, Tele-communication and other infrastructure projects to the extent of around Rs. 2223 crores. KSIIDC has been instrumental in establishing Jindal Vijayanagar Limited (presently JSW Limited), Vikrant Tyres Limited, Karnataka Antibiotics and Pharmaceuticals Limited, to name a few.
