NIDC a profile

The Nagaland Industrial Development Corporation Limited (NIDC) is a Government of Nagaland undertaking, incorporated under the Companies Act, 1956 on March 26, 1970 with the objective to promote, develop, establish and assist industries in the State.

NIDC had set up a Sugar Mill Project and its ancillary Distillery Project at Dimapur, in 1973-74 and 1974-75 respectively, which was were subsequently handed over to Nagaland Sugar Mills Company Limited.

NIDC manages and maintains two Industrial Estates at Dimapur, which were taken over from the State Government in 1976. The Industrial Estates covering a total area of 40 acres has 25 ready built Standard Factory Sheds, which are rented out to industrial units at concessional rates.

Starting with a Hire Purchase Scheme in 1976-77, NIDC started assistance under the Refinance Scheme of the Industrial Development Bank of India (IDBI) in 1978 and thereafter schemes National Scheduled Castes and Scheduled Tribes Finance and Development Corporation (NSFDC) from 1992-93 and National Minorities Development and Finance Corporation (NMD&FC) in 1997-98.

In the hospitality industry, NIDC’s wholly owned subsidiary, Nagaland Hotels Limited, has established the only two hotels with Three Star facilities, at Kohima and Dimapur. Today these two prestigious properties are serving crucial infrastructure requirements for both leisure as well as business travelers.

It is an acknowledged fact that NIDC, through its thrust in the transport sector, has created a genre of private transport operators and today there are private taxis and buses servicing every remote reach of the State thereby alleviating the transport and communication bottlenecks, a crucial infrastructure for development.