The Odisha Industrial Infrastructure Development Corporation (IDCO) was established in the year 1981 with the specific objective of creating infrastructure facilities in the identified Industrial Estate/Areas for rapid and orderly establishment and growth of Industries, trade and commerce. It has been declared as the Nodal Agency for providing industrial infrastructure in the State of Odisha.
Establishment of Industrial Areas, Industrial Estates, Functional Industrial Estates, Growth Centers etc. at different strategic locations and to provide infrastructure therein are the prime functions of the Corporation. The infrastructure includes essential facilities such as roads, drains, power, water, street lights amenities and social infrastructures such as banking, post office, telecommunication facilities, shopping complex etc. IDCO is the nodal agency of Government for providing land to large projects which can not come up in the Industrial Estate and Areas. It arranges to obtain/acquire land for all such projects in any location of the state.
IDCO also takes up planning & execution of construction projects of government departments/undertakings on agency and contract basis with the help of its diverse technical manpower. It is committed to provide quality construction services with optimum cost in scheduled time. The expertise of IDCO is well recognized in consultancy, design execution of civil, electrical, water supply and public health engineering works. In the process it has entered into strategic alliance with leading organizations like MECON/RITES/RPNN who have got state-of-the art technologies.
IDCO has been awarded ISO-9001 certification by RWTUV CERT, Germany during June' 97 and is the only govt. undertaking in the state having this unique recognition. The Corporation has also received ISO-14001 certification for adhering to environmental protection and resource conservation in all its activities.
This Corporation is at present playing a pivotal role in bringing in private capital for development of infrastructure projects in the state. Requisite escort services are being provided to investors/developers for implementation of infrastructure and industrial projects.
IDCO is a statutory Corporation of Govt. of Odisha without having any equity capital investment by the govt. However, it receives margin money loan from the govt. annually for infrastructure development activities. The Corporation has turned around during the year 1993-94 and since then it is generating investible surplus. The annual turnover of the Corporation for the last few years has reached a satisfactory level.