Shillong, 9 December 2024 – The Meghalaya Industrial Development Corporation Ltd. (MIDC) was honored with a National Award for Outstanding Performance during the 10th National Awards function of the Council of State Industrial Development & Investment Corporations of India (COSIDICI) on 6 December 2024.
The event, held at the Auditorium of the College of Veterinary Science, Assam Agricultural University in Guwahati, celebrated MIDC’s successful turnaround strategy, emphasizing financial prudence, operational efficiency, and the promotion of industrial growth.
Strategic Turnaround Initiatives
James P.K. Sangma, Hon’ble Chairman of MIDC and the Guest of Honour at the event, highlighted the corporation’s transformative efforts over the past 18 months. He noted,
“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.”
Milestones Achieved by MIDC
ISO Certifications: MIDC became the only corporation in Meghalaya to achieve ISO 9001:2015 (quality management) and ISO 14001:2015 (environmental sustainability) certifications earlier this year.
Significant Investments: Secured a ₹200 crore investment from M/s Varun Beverages Ltd., establishing one of the largest bottling units for PepsiCo globally in Meghalaya.
Recognition of Excellence
Hans Raj Verma, Director General of COSIDICI and former IAS officer, commended MIDC’s efforts, stating that the corporation serves as a model for other State Industrial Development Corporations with its innovative and sustainable practices.
Ajanta Neog, Hon’ble Finance Minister of Assam, along with other dignitaries, also graced the event, underscoring the importance of such achievements in promoting industrial growth across the country.
About COSIDICI National Awards
The COSIDICI National Awards recognize organizations that excel in supporting MSMEs and driving industrial growth, setting benchmarks for innovation, sustainability, and inclusive development.
MIDC’s achievement reaffirms its commitment to transforming Meghalaya into a hub for industrial and investment opportunities while upholding quality and sustainability standards.
