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Question
Answer each of these questions in about fifty words:
Explain the objectives and functions of SIDC.
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Solution
- SIDCs: The State Industrial Development Corporations (In-corporated under the Companies Act, 1956) were set up in different states as state government as companies wholly owned by them, the main objectives of SIDCs was promoting industrial development in all states of the countries.
- At present, 22 such SIDCs are functioning in India.
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