The Meghalaya Industrial Development Corporation Ltd. (MIDC) has been recognised with the prestigious COSIDICI National Award for ‘Outstanding Performance’ at the 10th edition of the awards, held in Guwahati.
The award celebrates MIDC’s remarkable transformation and its strategic efforts to enhance financial sustainability, operational efficiency, and industrial growth in Meghalaya.
Speaking at the event, MIDC Chairman James P K Sangma, who was also the Guest of Honour, highlighted the organisation’s journey of transformation.
“Over the last 18 months, our focus has been on creating a financially robust and efficient institution that aligns with modern industrial standards,” he said.
Sangma said that the award is a reflection of the hard work of the entire team.
Sangma credited the corporation’s success to initiatives such as adopting stringent financial protocols, fostering collaboration, and establishing robust operational workflows.
These measures, he added, have positioned MIDC as a benchmark for quality in the industrial and investment sector.
This year, MIDC achieved another milestone by becoming the first corporation from Meghalaya to secure ISO 9001:2015 and ISO 14001:2015 certifications, recognising its commitment to quality management and environmental sustainability.
The corporation has also played a key role in driving significant investments into the state.
Notable among these is a Rs. 200 crore investment by M/s Varun Beverages Ltd., home to one of PepsiCo’s largest bottling plants globally.
The COSIDICI National Awards, established as a benchmark for excellence in industrial development, honour organisations that have significantly contributed to economic growth and MSME promotion.
The event was attended by Assam Finance Minister Ajanta Neog, COSIDICI Director General Hans Raj Verma, and other dignitaries from across the country involved in state-level financial and industrial promotion bodies.
This recognition further underscores MIDC’s growing impact on Meghalaya’s industrial landscape.
As the state continues to attract investors and boost local enterprises, MIDC’s efforts toward sustainable and inclusive development are set to play a pivotal role in shaping its economic future.
