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Arunachal Pradesh Industrial Development and Financial Corporation (APIDFC)

Arunachal Pradesh Industrial Development and Financial Corporation (APIDFC) was incorporated in the year 1978 as company under Companies Act, 1956 for promotion of industries in Arunachal Pradesh. It is performing the twin role of State Industrial Development Corporation and State Financial Corporation. p class="menutext">Development of Infrastructure Facilities :

One of the main objectives of setting up of APIDFC is to develop infrastructure facilites for promotion of industrial development in the State. However, APIDFC could not take up the activities due to the fact that the State Department of Industries is handling all infrastructure development activities like establishment of industrial estate/growth centre, export promotion industrial park and integrated infrastructure development centres. The State Govt. has been requested to hand over all such activities to APIDFC as is being done in other SIDCs.

Industrial Promotion :

Despite being rich in natural resources and even after the implementation of various development programmes in the state during the five year plans, the level of economic development in Arunachal Pradesh continues to be very low compared with most of the other states of the country. The major factors that have impeded the industrial development in the state are :

Late start to the process of industrialisation in the region has led to slow growth of entrepreneurial and industrial culture.
Near absence of domestic/local manufacture of capital equipment/capital goods industries which necessitates transportation of machinery at higher costs.
Lower productivity of labour and higher wage rate.
Absence of technical and business information.
Necessity of maintaining large inventory due to remoteness of the region.
Limited and dispersed market for goods within the region coupled with higher cost of marketing outside the region.
Increasing threat from national competitors using modern technology, larger units and better distribution network resulting in saturation of accessible markets.
Lack of inflow of investible funds from outside the state.

A study of the resource availability scenario, climatic conditions and environmental opportunities indicates the following thrust area for industrial development :