NSIC gives dividend cheque of Rs 15.19 cr for 2013-14 to govt
Updated: Sep 24, 2014 01:07:32pm
New Delhi, Sept 24 (KNN) The National Small Industries Corporation (NSIC) today presented a dividend cheque of Rs 15.19 crore for the year 2013-14 to the Minister of Micro, Small and Medium Enterprises, Kalraj Mishra.
NSIC has done an overall business of Rs 17,444 crore in 2013-14, posting a 25 per cent growth from the previous year.
Mishra said that his Ministry is committed towards enhancing the competitiveness of Indian MSMEs so as to enable them to face the challenges ahead in view of global competition.
Speaking on the occasion of “Dividend Paying Ceremony” of NSIC, a Mini Ratna Company under the Ministry of MSME, Mishra expressed happiness over NSIC’s facilitation to the MSME sector specially when there are stiff challenges being faced by the sector. The Minister also urged that more and more MSMEs shall be served through NSIC in the coming years, the Ministry said in a release.
Chairman and Managing Director, NSIC, Ravindra Nath presented the dividend cheque of Rs 15.19 to the Minister in the presence of Secretary, MSME and other officials of the Ministry and NSIC, said the release.
He informed that this is the highest dividend ever paid by NSIC. The CMD also informed that the Corporation has done an overall business of Rs 17,444 crore in 2013-14, posting a 25 per cent growth from its previous year, its Gross Income has gone up to Rs 418.04 crore registering a growth of 22 per cent and Profit before Tax for the year was Rs 114.71 crore posting an increase of 24 per cent from the previous year, the release added.
The Minister also applauded the role of NSIC in providing integrated support services to MSMEs with respect to marketing, technology, credit and information support. He appreciated the fact that NSIC has been supplementing the availability of raw material at competitive rates to a large number of MSMEs all over the country.
Mishra also appreciated NSIC’s efforts through its Rapid Incubation Programme in contributing towards entrepreneurship development by transforming the youth in the country from “Berojgar to Swarojgar”.
Secretary, MSME, Madhav Lal, complimented NSIC on providing integrated support to MSMEs within the country. He appreciated NSIC for engaging in entrepreneurship development internationally while working with various developing countries. (KNN/SD)
NSIC has done an overall business of Rs 17,444 crore in 2013-14, posting a 25 per cent growth from the previous year.
Mishra said that his Ministry is committed towards enhancing the competitiveness of Indian MSMEs so as to enable them to face the challenges ahead in view of global competition.
Speaking on the occasion of “Dividend Paying Ceremony” of NSIC, a Mini Ratna Company under the Ministry of MSME, Mishra expressed happiness over NSIC’s facilitation to the MSME sector specially when there are stiff challenges being faced by the sector. The Minister also urged that more and more MSMEs shall be served through NSIC in the coming years, the Ministry said in a release.
Chairman and Managing Director, NSIC, Ravindra Nath presented the dividend cheque of Rs 15.19 to the Minister in the presence of Secretary, MSME and other officials of the Ministry and NSIC, said the release.
He informed that this is the highest dividend ever paid by NSIC. The CMD also informed that the Corporation has done an overall business of Rs 17,444 crore in 2013-14, posting a 25 per cent growth from its previous year, its Gross Income has gone up to Rs 418.04 crore registering a growth of 22 per cent and Profit before Tax for the year was Rs 114.71 crore posting an increase of 24 per cent from the previous year, the release added.
The Minister also applauded the role of NSIC in providing integrated support services to MSMEs with respect to marketing, technology, credit and information support. He appreciated the fact that NSIC has been supplementing the availability of raw material at competitive rates to a large number of MSMEs all over the country.
Mishra also appreciated NSIC’s efforts through its Rapid Incubation Programme in contributing towards entrepreneurship development by transforming the youth in the country from “Berojgar to Swarojgar”.
Secretary, MSME, Madhav Lal, complimented NSIC on providing integrated support to MSMEs within the country. He appreciated NSIC for engaging in entrepreneurship development internationally while working with various developing countries. (KNN/SD)
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