Jammu and Kashmir Small Scale Industries Development Corporation (SICOP) Limited has achieved a turnover of Rs 518.87 crore up to November this year, close to 68 per cent of the target for financial year 2017-18, an official spokesman said today.
"SICOP has achieved a turnover of Rs 518.87 crore up to November 2017 against a target of Rs 755 crore during the financial year 2017-18," the spokesman said.
This was revealed at the 87th board of directors meeting of SICOP chaired by state Minister for Industries and Commerce, Chander Prakash Ganga, here yesterday.
It was informed that annual turnover of the corporation in respect of marketing, raw material and other activities has also increased manifold.
The spokesman said the board appreciated the role of the corporation in establishing a well planned IT wing and data centre of industries and commerce department to go for digitisation as well as ease of doing business in order to provide a comfortable and conducive atmosphere to startup businesses besides facilitating the business fraternity.
Ganga directed the SICOP management to put in strenuous efforts to support the Small Scale Industrial (SSI) units of the state which is the primary activity of the corporation.
Emphasising upon the need to boost employment in SSI sector, Ganga directed management of SICOP to redouble their efforts to assist the SSI units in all the potential areas.
Regarding establishment of data centre of industries and commerce which has been established and maintained by JK SICOP, the minister said that this data centre would not only cater to IT based services to the department but other government agencies as well.
Disclaimer: No Business Standard Journalist was involved in creation of this content
