ENTREPRENEURSHIP

Detailed explanation-1: -The state industrial corporations engage in the development of financial support as well as create industrial infrastructures such as industrial parks and estates. They establish industrial ventures either in partnership with private enterprises or on their own, along with setting up subsidiaries.

Detailed explanation-2: -The SIDCs full form is State Industrial Development Corporations. It had been initially established in 1995 under the businesses Act, 1956. They are state-owned government companies that interact with the development and promotion of medium and enormous industries.

Detailed explanation-3: -State Industrial Development Corporations : The State Industrial Development Corporations were set up under the Companies Act, 1956, as wholly owned state government undertakings for promotion and development of medium and large industries.

Detailed explanation-4: -The Corporation’s principal objective is to promote and develope Small Industries in the State. Construction and utilisation of infrastructure, especially in backward areas, procurement and marketing of Raw Materials, technical support and assistance are means to reach the goals.