JKIDFC board approves appointment of project manager, hiring of staff

Choudhary reviews progress of 556 projects consented for financing

GK Business Desk
Srinagar, Publish Date: Oct 22 2018 10:55PM | Updated Date: Oct 22 2018 10:55PM
JKIDFC board approves appointment of project manager, hiring of staffGK Photo

The board of directors of recently established Infrastructure Development Finance Corporation Limited (JKIDFC) on Monday approved the appointment of Nimisha Abrol as project manager IT of the corporation.

According to an official spokesperson, the   board of directors meeting chaired by Principal Secretary of Finance, Navin K Choudhary, also gave a go-ahead for establishing a well-furnished and fully-equipped registered office of the corporation and gave consent for hiring of staff for running day-to-day affairs of the corporation.

The board also resolved to utilize the services of agencies for maintenance and upkeep of assets of the corporation, housekeeping staff, etc. Consent of the board of directors was also given for confirming design of the logo for the Corporation, besides other issues.

Navin K Choudhary, who is also the CMD of JKIDFC, reviewed the progress on 556 languishing projects that have already been approved for financing by the corporation. Besides, other internal issues were also discussed in the meeting.

Directors of JKIDFC, Shailendra Kumar Principal Secretary, Industries and Commerce, Khursheed Ahmed Shah Commissioner Secretary PWD and Farooq Ahmad Shah Secretary PHE, I&FC, Executive Director, Nazim Zia Khan, General Manager, JKIDFC, Shafaat Yehaya and other officers also attended the meeting.

The Finance Secretary asked the Secretaries to designate Chief Engineers as heads of the Project Implementing Agency of their concerned department. He said the agency will have a separate escrow account.

During the meeting, Navin was briefed by officers about the activities of the corporation. A committee was later constituted comprising of executive director, general manager, project manager and finance head to work out a business plan and frame the policy for incurring expenditure with proper budgeting.

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