Karnataka State Industrial Investment and Development Corporation
KSIIDC
Intermediate Level
Karnataka
Corporate Finance
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Definition
The premier state-level institution for promotion and financing of industrial projects in Karnataka.
Detailed Explanation
KSIIDC provides project financing, equity participation, and investment facilitation. It operates industrial clusters and offers incentives under industrial policy.
Example
A steel plant in Bellary receives term loan from KSIIDC for expansion.
Local Context (Karnataka)
KSIIDC has played a crucial role in Karnataka's industrialization journey.