Objectives
Objectives of MSSIDC
1. To aid, counsel, assist, finance and protect and
promote the interests of Small Industries in Maharashtra
and in the Union Territory of Goa, Daman and Diu, whether
owned or funded by Government statutory body, company
firm or individuals and to provide them with capital, credit,
means, resources and technical and managerial assistance for
the prosecution of their work and business to enable them to
develop and improve their methods of manufacture,
management and marketing and their technique of
production;
2. To enter into contracts with, and take up indents
from, the Government of India and State
Government in the Union of India, corporations and other
subsidiaries and branches and from many agency or officer thereof
having the necessary powers, for fabrication, manufacture
assembly and supply of goods, materials, articles and equipment of
every description and to arrange for the performance of such
contracts and indents by sub-contracting them to or placing orders
in respect thereof with, small industries or others for the
fabrication, manufacture, assembly or supply of such goods,
materials, articles or equipment or parts thereof, servicing or
processing in connection therewith or such management services as
may be necessary for the due performance of such contracts and
indents, and to have the goods, materials and equipment
fabricated, manufactured, assembled and supplied;
3. To take over or establish and administer
industrial estate in the State of Maharashtra and in the Union
Territory of Goa, Daman and Diu;
4. To certify to the appropriate Government officers with
respect to the competency, as to capacity and credit, of any small
industrial concern or group of such concerns to perform any
specific Government contract;
5. To grant or guarantee or recommend the grant of loans
to Small Industries, to which sub-contracts are given or orders are
issued, as aforesaid, in order to enable them, in carrying out the
sub-contracts or orders, to finance plant construction, conversion
or expansion, including the acquisition of land, or to finance the
acquisition of equipment, facilities, machinery supplies or
materials, or to supply such concerns with working
capital to be used in the manufacture or articles,
equipment supplies or materials under contract to Government or
to his company, to provide them with such financial,
technical, managerial and other assistance as may be deemed
necessary for the purpose of enabling them to execute
and carry out the sub-contracts and orders
satisfactorily and to organize production and manufacture for
meeting such contracts and sub-contracts and orders
adequately and according to specification, and to ensure
satisfactory production by all necessary instruction, assistance,
inspection and supervision;
6. To effect co-ordination between Large Industries and
Small Industries by suitable methods, enabling Small Industries to
manufacture satisfactorily such parts, accessories, ancillaries and
components and other articles as may be required by Large
Industries;
7. To promote and operate schemes for development of Small
Industries in the State of Maharashtra and for that purpose to
prepare and get prepared reports, blue prints, statistics and other
information;
8. To procure capital or financial assistance or
accommodation for or provide machinery equipment, technical and
managerial assistance, information, instruction, inspection,
supervision and other facilities to any company , person or
association for the purpose of carrying into effect any of the
aforesaid objects;
9. To apply for, tender, purchase or otherwise acquire
contracts and concessions for, or in relation to the construction,
execution, carrying out, equipment, improvement, management,
administrative or control of works and conveniences and to
undertake, execute, carry out, dispose of or otherwise turn
to account the same;
10. To manufacture, buy, sell, import, export, install
work and generally deal in any plant, machinery, substance,
tools, materials, goods or things of any description which in the
opinion of the Company, may be conveniently dealt with by the
Company in connection with any of its objects;
11. To carry on any other trade or business (Whether
manufacturing trading, catering or otherwise) which may seem to the
Company capable for being conveniently carried out in connection
with the above or calculated directly or indirectly to enhance the
value or tender profitably any of the Company's
properties rights, activities and or to undertake
management of Emporia in the State of Maharashtra or
any other place and provided catering or such other services
necessary in the interest of business and of the Small Scale
industrial sector in general.
12. To apply for and take-out, purchase or otherwise
acquire any trade mark, patients, patent-rights, inventions,
copyright, designs or secret processes which may be useful for the
Company's objects and to grant license to use the same, and to
work, develop, carry out, exercise and turn to account the
same;
13. To receive grants, loans, advances or other
moneys on deposit or otherwise, from the Central Government
or State Government Banks, Companies, Trusts or individuals with or
without allowance of interest thereon;
14. To lend money to such persons or Companies and on such
terms as may seem expedient and in particular to customers and
others having dealings with the Company and to guarantee the
performance of contracts by any such persons or companies.