PROFILE
 
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.

FUNCTIONS AND OBJECTIVES 

  • Development of infrastructure facilities
  • Promotion of industries
  • Extending financial assistance to the prospective enterpreneurs.
DEVELOPMENT OF INFRASTRUCTURE FACILITIES : One of the main objectives of setting up of APIDFC is to develop infrastructure facilities for promotion of industrial development in the State. However, APIDFC could not take up the activities due to 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 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 of the process of industrialisation in the region has led to slow growth of entrepreneurial and industrial culture.
  • Near absence of domestic/local manufacturer 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 the remotencess of the region.
  • Limited and dispersed market for goods within the region coupled with higher costs 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 resources availability scenario, climatic conditions and environmental opportunities indicates the following thrust area for industrial development :
  • Agro and horticulture-based units
  • Mining and mineral-based units
  • Plantation Crop based units
  • Cottage industry product unit
  • Adventure tourism.
Inspite of all the inherent bottlenecks and constraints for industrial development in the state, APIDFC promoted a wide spectrum of projects covering various industrial and service sectors like weaving and knitting, saw mill, plywood manufacturing, pharmaceuticals, hotel, transport etc.

Subsidiaries

APIDFC has two subsidiary companies viz Parasuram Cement Ltd., a 30 TPD Cement project at Tezu, Lohit District, and Arunachal Horticultural Processing Industries Ltd., a 5 TPD fruit processing project at Nigmoi, Along, Distt. West Siang., The commercial operation of the both the companies have been suspended due to continuous loss incurred by these companies have been suspended due to continuous loss incurred by these companies.