MSSIDC to publish list of defaulters, targets 60 pc recovery

Subscribe to Oneindia News

Nagpur, Oct 7 (UNI) In a bid to improve the recovery of dues, the Maharashtra State Small Scale Industries Development Corporation (MSSIDC) has decided to publish the names of its major defaulters shortly and also set itself a target of recovering 60 per cent of the total outstanding amount during the current financial year.

Speaking to newsmen here last week, MSSIDC chairman Avinash Pande said the Corporation had an outstanding of Rs 38.60 crore in September last year, when he assumed charge of office. This was largely due to supply of raw materials on credit to small-scale industrial (SSI) units, he informed.

MSSIDC had recovered Rs 62.09 lakh during the current financial year and Rs 1.67 crore during the previous fiscal, Mr Pande said.

''The Corporation has filed 63 police complaints so far against defaulters across the state over the past year. Although we will now be tougher on recoveries, we have introduced a one-time settlement scheme for defaulting units,'' he said, adding that incentives would be offered to the Corporation's divisional offices that had made good recoveries.

Mr Pande said MSSIDC has planned to improve its financial condition by expanding its area of operation, including widening of the customer and the product base to increase sales.

The plans included common facilities centres for clusters of products, renovation of warehouses to increase the commercial warehousing activity, development of properties to provide industrial 'galas' and storage space to SSI units, and increasing the production capacity at the Paithani Sarees centre at Paithan, he said.

With this, MSSIDC hopes to post a surplus of Rs 2.95 crore from a turnover of Rs 218.17 crore during the current financial year. The Corporation's turnover has increased to Rs 179.35 crore in 2006-2007 from Rs 123.82 crore in 2005-2006, he added.

UNI

Please Wait while comments are loading...