Dwivedi reviews SICOP's performance

The Shareholders of J&K SICOP met today at the 36th-38th Adjourned Annual General Meeting to discuss, approve and adopt the financial results of the Corporation for the FY 2010-11, 2011-12 and 2012-13.

The meeting was chaired by Commissioner Secretary, Industries and Commerce Department, M.K. Dwivedi, who represented Lt. Governor JKUT at the meeting. The Shareholders also advised the management to continue its footprints in UT of Ladakh so that it can best utilize its man-power and infrastructure. The management was advised to take immediate steps to create necessary infra-structure in the industrial estates recently taken over by the Corporation so that the land becomes available to the prospective entrepreneurs which will help in creating employment opportunities. Commissioner/Secretary I&C Department also directed to up-grade the infra-structure of the district depots so that they could provide all possible raw materials to the industry at their door-steps. The MD SICOP was advised to get itself registered with GeM portal with local filter so that it could sell the products being produced by the local MSMEs in Jammu and Kashmir.

Dwivedi stressed upon the management to explore the profitable activities with the concurrence of the Board of Directors to strengthen the financial position of the Corporation.